The below figure shows the various combinations of the goods X and Y that yield different levels of utility. Figure 6.3 
In Figure 6.3, the consumer is in equilibrium at point:
Definitions:
Pluralistic Ignorance
Pluralistic ignorance describes a situation where a majority of group members privately reject a norm, but assume incorrectly that most others accept it.
Autokinetic Effect
A phenomenon of visual perception in which a stationary, small point of light in a dark room appears to move because of involuntary eye movements.
Relationship Roles
Specific roles individuals assume in interpersonal relationships that determine their behaviors, responsibilities, and expectations.
Task Roles
Functions or responsibilities assumed by group members that contribute directly to the accomplishment of group objectives.
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