Answer:
Jessica should consume more of good A.
Explanation:
Jessica spends all her income on two goods, A and B.
The price of A is $5, and the price of B is $7.
At the current consumption bundle, the marginal utility of A is 10, and the marginal utility of B is 21.
The total utility is maximized when the ratio of marginal utility and price of the goods consumed is equal for all the goods in the bundle.
The ratio for Good A
= 
= 2
The ratio for good B
= 
= 3
Since the ratio is higher for good B, the consumer should shift from consumption of good B to good A until the ratio is equal for both the goods.
Answer:
D. cognitive conflict
Explanation:
Cognitive conflict is a kind of conflict that arises due to someone who tends to provide information different from the one believed by the individual. Basically when one tries to alter the perception an individual has towards any kind of topic and that the belief is tried to be changed by providing extra information, then the individual might get into "cognitive conflict".
As the conflict does not result in any kind of permanent differences but rather just for that particular topic the individual feels to be in different opinion.
Vary in total in direct proportion to changes in the activity level. As this cost increase or decrease, the output level.
<h3>What is the
variable cost dependency?</h3>
Variable costs are proportional to output, resulting in a fixed sum per unit produced. It indicates that when more products are manufactured, variable costs will rise; conversely, if fewer products are manufactured, variable costs will fall.
Thus, option C is correct.
For more details about variable cost dependency, click here:
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