Steven Consumes Staples and Paper Clips

question 56

Multiple Choice

Steven consumes staples and paper clips.He is maximizing his utility in consumption of both goods.The price of paper clips rises.Assuming that diminishing marginal utility applies to both goods,as Steven adjusts to this event,the marginal utility of staples will _____,and the marginal utility of paper clips will _____.

• A)rise;fall
• B)fall;rise
• C)rise;rise
• D)fall;fall

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Definitions:

Prenatal Development

The progression of maturation and evolution inside the uterus from the moment of conception until the time of delivery.

Germinal

The initial stage of prenatal development that spans from conception to the first two weeks, characterized by rapid cell division and the establishment of the embryo.

Embryonic

Pertaining to the earliest stage of development in multicellular organisms, following fertilization and prior to becoming a fetus.

Outermost Layer

The external surface or the topmost layer of an object or entity.