Tonya's Budget Constraint for Litres of Gasoline (G)and Shirts (S)each

question 147

Multiple Choice

Tonya's budget constraint for litres of gasoline (G) and shirts (S) each month can be expressed by the equation G = 100 - 2S,where G is the number of litres of gasoline she buys and S is the total number of shirts she buys.Assume that she spends her entire budget each month.If the price of shirts is $10,which consumption bundle lies INSIDE Tonya's budget line?

• A) 45 shirts and 100 litres of gasoline
• B) 50 shirts and 0 litres of gasoline
• C) 0 shirts and 100 litres of gasoline
• D) 10 shirts and 5 litres of gasoline

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Definitions:

Equilibration

A concept in developmental psychology referring to how children progress through different stages of cognitive development by balancing assimilation and accommodation.

Assimilation

In psychology, a cognitive process where new information is interpreted and integrated into existing schemas or knowledge structures.

Self-efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Social Cognitive Theory

A theory in psychology that emphasizes observational learning, imitation, and modeling in understanding behavior.