The Table Below Shows the Total Utility Associated with Various

question 65

Multiple Choice

The table below shows the total utility associated with various units of goods X and Y.Table 7.5

-The income and substitution effects of a price change occur because:

• A)consumer incomes are not constant.
• B)consumer substitution rates are not constant.
• C)income and substitution effects never occur simultaneously.
• D)of diminishing marginal utility and the equimarginal principle.
• E)of increasing marginal utility and the equimarginal principle.

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Definitions:

Autonomic

Pertaining to the part of the nervous system that controls involuntary bodily functions such as heartbeat, digestion, and breathing.

Cell Body

Part of the neuron where information from thousands of other neurons is collected and integrated.

Synapse

The space between neurons where communication takes place through neurotransmitters.

Inhibitory Signals

neural or chemical messages that decrease the likelihood of a neuron firing, thus reducing or preventing an action or response.