Suppose the Price of a Pair of Jeans Is $25

question 103

Multiple Choice

Suppose the price of a pair of jeans is $25 and the price of a T-shirt is $15.The consumer's budget is entirely allocated.If the marginal utility from a pair of jeans is 100 units and the marginal utility from a T-shirt is 75 units,the consumer is

• A) in equilibrium because his or her utility is maximized.
• B) not in equilibrium and should purchase fewer jeans and more T-shirts.
• C) not in equilibrium and should purchase fewer T-shirts and more jeans.
• D) not in equilibrium but should maintain the current level of purchases.
• E) not in equilibrium and should purchase more T-shirts and more jeans.

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Definitions:

Memory Cells

A type of white blood cell that retains a memory of previously encountered pathogens and mounts a stronger and faster response upon reexposure.

Antigen

A substance that when introduced into the body, prompts the generation of an immune response by the production of antibodies.

Secondary Immune Response

The body's immune system's more rapid and intensified response to a pathogen it recognizes from a previous infection.

Memory Cells

Specific types of immune cells that remember past infections and can quickly respond to repeated exposures to the same pathogen.