Dmitri Is a Typical 6-Month-Old

question 197

Multiple Choice

Dmitri is a typical 6-month-old.When he looks into a mirror he is likely to

• A) recognize the image as himself.
• B) show no interest and ignore what he sees.
• C) reach toward the image as if it were another child.
• D) be somewhat frightened and turn away.

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Definitions:

Marginal Utility

The increased contentment or advantage obtained by the consumption of an extra unit of a good or service.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers from participating in the market.

Utility

Utility refers to the total satisfaction received from consuming a good or service.

Diminishing Utility

The principle that as consumption of a good or service increases, the marginal utility derived from each additional unit decreases.