Use the Following for Questions 61-69

question 223

Multiple Choice

Use the following for questions 61-69.

-(Exhibit: Consumer Equilibrium 1) Assume that the price of both goods X and Y is $1 per unit, and you have $4 of income to spend on both goods.To maximize utility, you would consume ______ units of X and _______ units of Y.

• A) 0; 4
• B) 1; 3
• C) 2; 2
• D) 3; 1

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Definitions:

Elicit

To draw out or bring forth a response, answer, or fact from someone in reaction to one's own actions or questions.

CS

Commonly stands for Computer Science, a field of study focused on the theory, design, development, and application of computer systems.

Discrimination Learning

A process in learning where an organism learns to respond differently to various stimuli that are not identical.

Aversive US

An unpleasant or harmful unconditioned stimulus used in classical conditioning to produce a negative response.