Suppose That at Current Consumption Levels an Individual's Marginal Utility

question 17

Multiple Choice

Suppose that at current consumption levels an individual's marginal utility of consuming an extra hot dog is 10 whereas the marginal utility of consuming an extra soft drink is 2.Then the MRS (of soft drinks for hot dogs) -that is,the number of hot dogs the individual is willing to give up to get one more soft drink is

• A)5
• B)2
• C)1/2
• D)1/5

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Definitions:

Salivating Dog Experiment

An experiment by Ivan Pavlov that demonstrated classical conditioning, where dogs were trained to salivate in response to a neutral stimulus paired with food.

Ivan Pavlov

A Russian physiologist best known for his work in classical conditioning, demonstrating how environmental stimuli can trigger involuntary responses.

Food-deprived Rats

Rodents that have been subjected to a period without food to study various behaviors or physiological responses.

Reinforcers

Stimuli that increase the probability of a response when they follow that response, a key concept in behaviorism.