<u>The optimality condition in the consumer's choice between two goods is the following</u>
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The ratio of the marginal utilities is called the Marginal Rate of Substitution between goods x and y, and it arises from the preferences of the consumer towards the two goods. The MRS establishes the rate at which this consumer can give up a certain quantity of good x in exchange for another amount good y, while maintaining the same level of utility (it establishes the units of good x that would satisfy the consumer if he had to reject a certain number of units of y, given his personal preferences).
When MRS is equaled to the price ratio, it allows to calculate the bundle of goods x and y, that provides the maximum utility to this consumer given the market prices of x and y, which means that t<u>he solution provides the highest-utility bundle that he can afford. </u>
<u>If the rule does not hold, the choice might be either suboptimal or impossible.</u> When the result is suboptimal, the consumer acquires a bundle that he can afford but that is not the one yielding the maximum utility. If the result obtained is impossible, the consumer cannot afford the bundle, even tough it yields very high utility to him.
The belief that the interests of the nation as a whole are more important than interests of a region or other countries is called nationalism.
Maria just had a baby at 38 weeks after conception. her newborn weighed 5 pounds and would be labeled as: <u>low birth weight.</u>
<h3>What is birth weight?</h3>
Birth weight can be defined as the weight of a new born baby and this weight of new born babies can tend to differ as some can have very low birth weight while others can have low or normal birth weight.
Since the new born weighed 5 pounds which means the new born has low birth weight in a situation were the born weigh more than 5 pounds this means that the new born has normal birth weight.
If a baby is born 38 weeks after conception the baby is consider a full term baby and a healthy baby.
Therefore Maria just had a baby at 38 weeks after conception. her newborn weighed 5 pounds and would be labeled as: <u>low birth weight.</u>
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The largest minority group would be considered Asian. Asians make up 5% of the population.