The Below Table Shows the Average Utility (In Utils) Obtained

question 84

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3

-As long as the marginal utilities per dollar obtained from the last unit of all products consumed are the same, _____.

• A)the consumer is in equilibrium and will not reallocate income
• B)the consumer is not in equilibrium and will reallocate income
• C)the consumer is most likely operating a budget deficit
• D)the consumer is not maximizing utility
• E)the government will recognize this as an intolerable disequilibrium and will most likely intervene by imposing a tax and reallocate the consumer's income

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Definitions:

Language Acquisition Support System (LASS)

Bruner’s term for the patterned behaviors and formatted events within which children acquire language. It is the environmental complement to the innate, biologically constituted LAD.

Innate Biological Mechanism

A natural or inherent process within living organisms that contributes to the regulation of biological functions from birth.

Vocabulary

The set of words known and used by a person in a particular language.

Inner Speech

According to Vygotsky, the internalization of egocentric speech that occurs during early childhood and allows individuals to mentally plan activities and solve problems.