Derek Has $1 to Spend at the Grocery Store

question 55

Multiple Choice

Derek has $1 to spend at the grocery store.An apple,an orange,and a banana cost $.50 each.If Derek's MU_A/P_A (ratio of marginal utility to price) of an apple is 45,MU_O/P_O of an orange is 38,and MU_B/P_B of a banana is 52,he will purchase a(n) _____ first and a(n) _____ second.

• A)apple; orange
• B)orange; apple
• C)banana; orange
• D)banana; apple
• E)orange; banana

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Definitions:

Social Construction

The theory that much of what is perceived as reality in society is developed through collective social processes and not inherent.

Popular Culture

A set of practices, beliefs, and objects dominant in society at a given time that are widespread and embraced by the public.

Anthropological Findings

Insights and discoveries from the study of human societies, cultures, and evolutionary aspects of human biology, providing a comprehensive understanding of human diversity and commonalities.

Kissing

A physical act of pressing one’s lips against another person or an object, commonly an expression of affection, greeting, respect, or love.