Gwen Is Consuming the Optimal Consumption Bundle of Potatoes and Steak

question 283

Multiple Choice

Gwen is consuming the optimal consumption bundle of potatoes and steak. Call this bundle A. Her income is $100, the price of steak is $10, and the price of potatoes is $1. Put potatoes on the vertical axis and put steak on the horizontal axis. Her income increases to $500, and the prices of steak and potatoes remain constant. With the increase in income, Gwen changes her consumption of the two goods and now maximizes utility at bundle B. If potatoes are inferior goods for Gwen,

• A) at bundle B, Gwen consumes more potatoes.
• B) at bundle B, Gwen consumes fewer steaks.
• C) at both bundles, the relative price is 10.
• D) at both bundles, Gwen consumes the same amount of potatoes and steaks.

Identify and describe the various defense mechanisms outlined by Freud.

Comprehend Freud’s theory of libido as the life or sexual instinct.

Recognize the psychological roles of the id, ego, and superego in Freud’s model.

Explore the concept of psychosexual development stages and their impacts on personality.

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Definitions:

Error In Reasoning

A mistake or flaw in the logical process of deducing conclusions, often leading to incorrect or invalid arguments.

Premise

A statement or proposition from which another is inferred or follows as a conclusion, used as the basis for an argument.

Subjectivism

A philosophical stance asserting that knowledge and value are influenced by and dependent upon personal perspectives and experiences.

Fallacy

A mistake in the process of reasoning which makes an argument fundamentally incorrect.