The Below Table Shows the Average Utility (In Utils) Obtained

question 115

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3

-Jen spent her weekly allowance of $110 on clothes and cosmetics. Assume that she had allocated $100 to shoes and $10 to lipsticks and is in equilibrium. What can you conclude from her purchase decisions?

• A)She likes shoes ten times as much as she likes lipsticks
• B)Jen liked the last pair of shoes ten times as much as the last tube of lipstick
• C)Jen purchased hundred pairs of shoes for each tube of lipstick
• D)She likes lipsticks ten times as much as she likes shoes
• E)She purchased one pair of shoes for each tube of lipstick

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Definitions:

Re-arrest Rates

The frequency at which individuals who have been previously arrested are arrested again, typically measured within a specific time frame.

Degrees of Freedom

A concept in statistics that describes the number of independent pieces of information used in the calculation of a statistic.

Chi-square Statistic

A measure used in statistics to assess the differences between observed and expected outcomes in categorical datasets.

Subsequent Arrests

Arrests that occur after the initial arrest, indicating instances of repeat or additional offenses by an individual.