Exhibit 6-23 -In Exhibit 6-23, the Marginal Rate of Substitution of Food

question 86

Multiple Choice

Exhibit 6-23
-In Exhibit 6-23, the marginal rate of substitution of food for clothing between points b and c is

• A) unable to be determined
• B) 2
• C) 3
• D) more than 3
• E) 0

---

Definitions:

Delay Gratification

The capacity to withstand the urge for an instant gratification in favor of a future reward.

Immediate Reward

A reward received directly after completing a task or activity, often motivating future behavior.

Overjustification Effect

A phenomenon where providing excessive external rewards for an already internally rewarding activity decreases the intrinsic motivation to perform that activity.

Opponent-process Effect

A psychological and neurological model that explains contrasting color after-images and emotional contrasts.