A) a way of describing a consumer's wants. B) only applicable to goods that are purchased. C) a measure of a consumer's income D) All of these are true. A) a way of describing a consumer's wants. B) only applicable to goods that are purchased. C) a measure of a consumer's income D) All of these are true.

A) a motive for action in which a person's utility is unaffected when another's utility increases. B) a motive for action in which a person's utility is decreased when another's utility increases. C) a motive for action in which a person's utility is increased when another's utility increases. D) a motive for action in which a person's utility becomes negative when another's utility increases. A) a motive for action in which a person's utility is unaffected when another's utility increases. B) a motive for action in which a person's utility is decreased when another's utility increases. C) a motive for action in which a person's utility is increased when another's utility increases. D) a motive for action in which a person's utility becomes negative when another's utility increases.

Exam 7: Consumer Behavior

This table shows the different combinations of goods that Jack can consume,given that his income to spend on these two items is $10. Considering the information in the table shown,the price of ice cream is:

(Multiple Choice)

4.8/5

(37)

Question 81

Assume Bill's income to spend on the two goods in the graph shown is $48,and movie tickets cost $8.If Bill's budget constraint is one of the lines in the graph,which one must it be?

(Multiple Choice)

4.8/5

(35)

Question 82

The Golden Rule "Do unto others as you would have done unto you" is an example of the economic concept of:

(Multiple Choice)

4.8/5

(36)

Question 83

After browsing his cabinets to see what meals he can make,Ken is deciding whether to make nachos or spaghetti for dinner.If Ken makes spaghetti,we can conclude:

(Multiple Choice)

4.8/5

(31)

Question 84

Quinn's income to spend on either bowling or eating out each month is $100.It costs $10 to bowl for the night and it costs $20 for Quinn to eat at a restaurant.A point on Quinn's budget constraint would be:

(Multiple Choice)

4.9/5

(34)

Question 85

This graph shows three different budget constraints: A,B,and C. If Gary has budget constraint A,and the price of milk is $3 a gallon,what is Gary's income?

(Multiple Choice)

4.8/5

(26)

Question 86

The substitution effect can be defined as:

(Multiple Choice)

4.8/5

(31)

Question 87

Utility is:

(Multiple Choice)

4.8/5

(37)

Question 88

If Bella eats one piece of pie,she gains a utility of 10.If she continues,a second piece yields a marginal utility of 8,a third will yield a marginal utility of 2,and a fourth piece of pie will yield a marginal utility of 2.We can say:

(Multiple Choice)

4.9/5

(45)

Question 89

When a person's income increases:

(Multiple Choice)

4.8/5

(37)

Question 90

If the graph shown represents Suzi's budget constraint,what can be said about hairbands?

(Multiple Choice)

4.8/5

(42)

Question 91

This graph shows three different budget constraints: A,B,and C. If Bert has budget constraint A in the graph shown,what is his opportunity cost of three gallons of milk?

(Multiple Choice)

4.9/5

(43)

Question 92

Altruism describes:

(Multiple Choice)

4.7/5

(36)

Question 93

The concept of utility maximization:

(Multiple Choice)

4.9/5

(29)

Question 94

This table shows the different combinations of goods that Jack can consume,given that his income to spend on these two items is $10. Considering the information in the table shown,the bundle of goods that will derive the highest total utility for Jack is:

(Multiple Choice)

4.9/5

(37)

Question 95

If the graph shown represents Stella's budget constraint,and hairbands cost $4,what must Stella's income to spend on these two items be?

(Multiple Choice)

4.8/5

(33)

Question 96

This table shows the different combinations of goods that Jack can consume,given that his income to spend on these two items is $10. Considering the information in the table shown,if Jack decides to consume bundle D,we can conclude that Jack:

(Multiple Choice)

4.9/5

(28)

Question 97

Dave and Buster play two games of tennis,and then decide to go have lunch.Using the concept of utility to explain their choices,we can conclude that:

(Multiple Choice)

4.8/5

(36)

Question 98

When a person's income decreases,the slope of the individual's budget constraint stays the same because:

(Multiple Choice)

4.8/5

(36)

Question 99

Howard has just smoked a cigarette.If he chooses to smoke a second one:

(Multiple Choice)

4.8/5

(38)

Question 100

Showing 81 - 100 of 130

Exam 7: Consumer Behavior

This table shows the different combinations of goods that Jack can consume,given that his income to spend on these two items is $10. Considering the information in the table shown,the price of ice cream is:

Assume Bill's income to spend on the two goods in the graph shown is $48,and movie tickets cost $8.If Bill's budget constraint is one of the lines in the graph,which one must it be?

The Golden Rule "Do unto others as you would have done unto you" is an example of the economic concept of:

After browsing his cabinets to see what meals he can make,Ken is deciding whether to make nachos or spaghetti for dinner.If Ken makes spaghetti,we can conclude:

Quinn's income to spend on either bowling or eating out each month is $100.It costs $10 to bowl for the night and it costs $20 for Quinn to eat at a restaurant.A point on Quinn's budget constraint would be:

This graph shows three different budget constraints: A,B,and C. If Gary has budget constraint A,and the price of milk is $3 a gallon,what is Gary's income?

The substitution effect can be defined as:

Utility is:

If Bella eats one piece of pie,she gains a utility of 10.If she continues,a second piece yields a marginal utility of 8,a third will yield a marginal utility of 2,and a fourth piece of pie will yield a marginal utility of 2.We can say:

When a person's income increases:

If the graph shown represents Suzi's budget constraint,what can be said about hairbands?

This graph shows three different budget constraints: A,B,and C. If Bert has budget constraint A in the graph shown,what is his opportunity cost of three gallons of milk?

Altruism describes:

The concept of utility maximization:

This table shows the different combinations of goods that Jack can consume,given that his income to spend on these two items is $10. Considering the information in the table shown,the bundle of goods that will derive the highest total utility for Jack is:

If the graph shown represents Stella's budget constraint,and hairbands cost $4,what must Stella's income to spend on these two items be?

This table shows the different combinations of goods that Jack can consume,given that his income to spend on these two items is $10. Considering the information in the table shown,if Jack decides to consume bundle D,we can conclude that Jack:

Dave and Buster play two games of tennis,and then decide to go have lunch.Using the concept of utility to explain their choices,we can conclude that:

When a person's income decreases,the slope of the individual's budget constraint stays the same because:

Howard has just smoked a cigarette.If he chooses to smoke a second one:

Economics and Life

Specialization and Exchange

Markets

Elasticity

Efficiency

Government Intervention Microeconomics

Behavioral Economics: A Closer Look at Decision Making

Game Theory and Strategic Thinking

Information

Time and Uncertainty

The Costs of Production

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

The Factors of Production

International Trade

Externalities

Public Goods and Common Resources

Taxation and the Public Budget

Poverty, Inequality, and Discrimination

Political Choices

Public Policy and Choice Architecture

Filters