Suppose That a Consumer Has the Utility Function U =

question 3

Multiple Choice

Suppose that a consumer has the utility function U = 5X + 7Y. The MRS_x,y is

• A) 7/5
• B) 5/7
• C) 1.00 since X and Y are perfect substitutes.
• D) 0 since X and Y are perfect complements.

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Definitions:

Social Learning Theory

A theory that suggests people learn new behaviors and norms through observation, imitation, and modeling from others in their environment.

Gender Differences

Variations in characteristics, behaviors, physical, psychological, and social traits typically associated with being male or female.

Mating Preferences

The criteria or qualities an individual looks for in a partner when choosing a mate.

Evolutionary Perspective

A theoretical approach that explains various aspects of human nature as a result of evolutionary processes that have shaped the survival and reproductive success of our ancestors.