Figure 21-25 the Figure Pertains to a Particular Consumer

question 319

Multiple Choice

Figure 21-25 The figure pertains to a particular consumer. On the axes, X represents the quantity of good X and Y represents the quantity of good Y.
-Refer to Figure 21-25. Suppose the price of good X is $8, the price of good Y is $10, and the consumer's income is $360. Then the consumer's optimal choice is to buy

• A)15 units of good X and 24 units of good Y.
• B)20 units of good X and 20 units of good Y.
• C)30 units of good X and 12 units of good Y.
• D)40 units of good X and 4 units of good Y.

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Definitions:

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a pause, without the need for further conditioning.

Classical Conditioning

A method of learning where, through continuous pairing, a reaction initially induced by a second stimulus comes to be provoked by the first stimulus instead.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is repeatedly presented without the unconditioned stimulus.

Discrimination

Discriminatory actions or attitudes against people belonging to distinct categories, mainly due to factors like ethnicity, age, or sexual orientation.