Albert Consumes Only Tangerines and Bananas

question 46

Multiple Choice

Albert consumes only tangerines and bananas.His only source of income is an initial endowment of 30 units of tangerines and 10 units of bananas.Albert insists on consuming tangerines and bananas in fixed proportions, 1 unit of tangerines per 1 unit of bananas.He initially faces a price of $10 per unit for each fruit.The price of tangerines rose to $30 per unit while the price of bananas stayed unchanged.After the price change, he would

• A)increase his consumption of tangerines by exactly 5 units.
• B)decrease his consumption or tangerines by at least 5 units.
• C)increase his consumption of tangerines by exactly 15 units.
• D)decrease his consumption of tangerines by exactly 7 units.
• E)decrease his consumption of bananas by at least 1 unit.

Understand the importance of inputs in determining the quality and quantity of the produced goods or services.

Recognize various scheduling techniques and their role in enhancing efficiency and effectiveness.

Comprehend the process involved in monitoring and controlling the input, transformation, and output phases to identify and address problems.

Understand the concept of outsourcing manufacturing processes to enhance business focus and efficiency.

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Definitions:

Comfortable Things

Items or conditions that provide physical ease and relaxation.

A Proposition

A declarative statement that can either be true or false, often used in logic and philosophy to express ideas or assertions.

Enthymeme

A rhetorical argument where one of the premises is not explicitly stated, usually considered to be evident to the audience.

Existential Import

In logic, the assumption that a statement implies the existence of the subject it mentions.