Say a Consumer Is Choosing Between Wine and Cheese

question 40

Multiple Choice

Say a consumer is choosing between wine and cheese.The price of wine is 10 and the price of cheese is 5.If the marginal rate of substitution is 4, and if wine is on the horizontal axis and cheese is on the vertical axis then the consumer is purchasing:

• A)Too much cheese
• B)Too much wine
• C)Just the right amount of both goods
• D)Purchasing more than what her income would allow

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Definitions:

Benevolent Sexism

A form of sexism that is couched in terms of positive stereotypes and paternalistic attitudes towards women, suggesting they need protection or are inherently better at certain tasks.

Self-presentation

The process by which individuals attempt to control the impressions others form of them, often by manipulating their appearance or behavior.

Behavioral Confirmation

A phenomenon where people's social expectations lead them to act in ways that cause others to confirm these expectations.

Self-fulfilling Prophecy

A belief or expectation that influences one's behavior in a way that causes the belief to become true.