Suppose the Price of a Pair of Shoes Is $20

question 86

Multiple Choice

Suppose the price of a pair of shoes is $20 and the price of a shirt is $10.Suppose further that a consumer can spend a maximum of $100 on shirts and shoes.Which of the following is the most affordable bundle for maximizing the consumer's utility?

• A)10 shirts and 5 pairs of shoes
• B)2 shirts and 4 pairs of shoes
• C)4 shirts and 2 pairs of shoes
• D)Only 4 pairs of shoes
• E)5 shirts and 10 pairs of shoes

Understand the critiques of multiculturalism and proposals for its improvement.

Recognize the influence of ethnic stereotypes and biases in employment practices.

Summarize the concept of blending cultural models as a solution to cultural isolation.

Analyze studies related to ethnic disparities in employment opportunities.

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Definitions:

Signal-detection Theory

A framework for understanding how individuals discern between important stimuli and background noise under conditions of uncertainty.

Hit

In the context of memory recall, a correct identification or recognition of a previously encountered stimulus.

False Alarm

An instance in which a warning or signal is given for a danger that fails to materialize, leading to an unnecessary or mistaken response.

Correct Rejection

In signal detection theory, the correct identification that a target stimulus is not present.