Timothy Is Trying to Figure Out What Combination of Bags

question 51

Multiple Choice

Timothy is trying to figure out what combination of bags of peanuts and bags of popcorn he should buy with his $13 budget. The price of peanuts is currently $5 per bag and the price of popcorn is currently $2 per bag. If Timothy's marginal utility from consuming his third bag of peanuts is 15 utils and his marginal utility from consuming his second bag of popcorn is 6 utils, Timothy should:

• A) consume more bags of popcorn.
• B) consume more bags of peanuts.
• C) not change his consumption.
• D) consume fewer bags of peanuts.
• E) consume fewer bags of popcorn.

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Definitions:

Social Psychological Factors

Refer to the influences stemming from an individual's social interactions and societal norms that affect their thoughts, behaviors, and feelings.

Stanford Prison

refers to a psychological study conducted in 1971 by Philip Zimbardo at Stanford University, exploring the effects of perceived power, focusing on the struggle between prisoners and prison guards.

Correctional Institutions Environment Scale

A tool used to evaluate the physical, social, and psychological environments within correctional facilities.

Social Learning Theory

A theory that proposes people can learn new behaviors and attitudes through observing others, especially influential models.