Assume That a Consumer Has a Given Budget or Income

question 297

Multiple Choice

Assume that a consumer has a given budget or income of $12 and that she can buy only two goods, apples or bananas. The price of an apple is $1.50 and the price of a banana is $0.75. This means that, in order to buy two bananas, this consumer must forgo

• A) 1 apple.
• B) 1.5 apples.
• C) 0.5 apple.
• D) 0.75 apple.

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Definitions:

Attachment Behaviors

Actions and patterns of behavior that are designed to achieve closeness to an attachment figure, typically aimed at maintaining safety and security.

Crawling

The action of moving on all fours, typically noted as an early form of locomotion in infants before they learn to walk.

Distress

Negative stress that results in anxiety, depression, or other negative feelings, contrasting with positive stress which can be motivating.

Vygotsky

Lev Vygotsky, a Russian psychologist known for his theory on social development, emphasizing the influence of social interaction on cognitive development.