A Consumer Is in Equilibrium and Is Spending Income in Such

question 85

Multiple Choice

A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and that of Y is 16 units. If the unit price of X is $5, then the price of Y must be

• A) $1 per unit.
• B) $2 per unit.
• C) $3 per unit.
• D) $4 per unit.

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Definitions:

Type B Personality

A type of personality known for its peaceable, long-suffering, and casual qualities.

Stress Appraisal

Stress Appraisal is the process by which individuals evaluate and interpret a stressor to determine its significance and their ability to cope with it.

Stress Reaction

Stress Reaction describes the body's immediate response to stress, involving physical, emotional, and cognitive changes.

Stressor

Any event or situation that causes stress, challenging an individual's ability to cope.