1. The four building blocks of the 1 x 1 model are:

A. The food budget relationship, the food nutrient relationship, the recommended nutrient relationship and the food preference relationship.

B. The food budget relationship, the food nutrient relationship, the nutrient-health relationship and the food preference relationship.

C. The food nutrient relationship, the budget constraint, the demand function, and the recommended nutrient intake line

2. If the nutrient conversion factor for a food decreases, the food-nutrient relationship line will

A. Rotate clockwise

B. Rotate counter-clockwise

C. Shift down

D. Shift up

3. IfBHrepresents health utility,hrepresents hedonic utility, andFrepresents the intake of a specific food, then ifHis decreasing asFincreases andhis increasing asFincreases, total utility will be

increasing over the entire range of consumption.

decreasing over the entire range of consumption.

could be increasing or decreasing or both over the range of consumption

4. Pete loves hotdogs.He usually eats 2, but last Saturday at a bar he ate 3 and had to go throw-up.He said, "it was good, but I should have stopped at 2."Which statement below describes Pete's utility in this situation

Group of answer choices

Pet's utility from the 3rd hotdog was negative.

Pete's marginal utility from the 3rd hotdog was negative

Pet's utility from the 3rd hotdog was negative and his marginal utility from the 3rd hotdog was negative.

Question 5

In the one food model, the budget constraint always determines the optimal quantity of the food to buy.

Group of answer choices

True

False

Question 6

The isocost line shows the

tradeoff between the consumption of goods (e.g., foods) holding cost constant.

tradeoff between the consumption of nutrients holding cost constant.

a and b.

Question 7

Opportunity cost in economics refers to

how much you pay to participate in an opportunity.

the cost associated with a foregone alternative.

none of the above

Question 8

Assuming only two goods, an increase in the price of a good or a decrease in income rotates the isocost line in.

Group of answer choices

True

False

Question 9

In order to maximize utility subject to a budget constraint, the consumer should always choose the combination of two goods (e.g. foods) where

the isocost line is above the indifference curve.

the isocost line is tangent to the indifference curve.

the isocost line is below the indifference curve.

none of the above

Question 10

There are no two points (combinations) on an isocost line where an individual may be indifferent between the different combinations.

True

False