Figure: Consumption Bundle Refer to the Figure

question 134

Multiple Choice

Figure: Consumption Bundle Refer to the figure. Which statement is FALSE?

• A) The optimal consumption bundle contains five movie downloads and 10 music downloads.
• B) The MRS is 0.50 at the optimal consumption bundle.
• C) The price per music download is half as expensive as the price per movie download.
• D) In the optimum consumption bundle, the marginal utility of movie downloads equals half the marginal utility of music downloads.

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Definitions:

Safety and Security

The condition of being protected from or not exposed to danger, and the feeling of being safe and not likely to be endangered or harmed.

Big Five

The Big Five is a model describing human personality traits through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality Traits

Enduring characteristics or qualities that constitute an individual's unique and consistent patterns of feeling, thinking, and behaving.

Esteem Needs

Refers to the need for respect, self-esteem, and respect from others, constituting one of the higher levels in Maslow's hierarchy of needs.