Use the Indifference Curves and the Budget Lines in Figure

question 115

Multiple Choice

Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.If the price per unit of good X is $3, the consumer would maximize utility by consuming

• A) 30 units of Y.
• B) 21 units of Y.
• C) 10 units of Y.
• D) 25 units of Y.

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Definitions:

John Locke

A 17th-century English philosopher and political theorist, often credited as a founder of modern liberal democracy and known for his theories on the social contract and natural rights.

Inhumanity

The quality of lacking compassion or mercy; acts that are cruel and brutal.

Slave Trade

The forced transportation and sale of African people to the Americas and other parts of the world, a central element of global economic history until the 19th century.

Consent of the Governed

A political concept that suggests government's legitimacy and moral right to use state power is only justified and lawful when consented to by the people or society over which that power is exercised.