Joseph Chooses a Combination of Apples and Oranges Along His

question 29

Multiple Choice

Joseph chooses a combination of apples and oranges along his budget line. The marginal rate of substitution of apples for oranges is 2, the price of an apple is $0.50, and the price of an orange is $0.50. Joseph:

• A) is maximizing total utility.
• B) should consume more apples and fewer oranges to maximize total utility.
• C) should consume fewer apples and more oranges to maximize total utility.
• D) may or may not be maximizing total utility.

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Definitions:

Persuasive Request

A communication aimed at convincing the recipient to grant a favor, approval, or support for a particular action or idea.

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The practice of using email communications to seek out employment opportunities, apply for jobs, and network with potential employers.

Etiquette

The set of conventional rules of personal behaviour in polite society, usually in the form of accepted social conduct.

Following Up

Following up involves contacting someone after an initial interaction or meeting to discuss the next steps, provide additional information, or remind them of upcoming deadlines.