Suppose That a Consumer's Total Benefit Is $4 for Consuming

question 167

Multiple Choice

Suppose that a consumer's total benefit is $4 for consuming one cup of ice cream and $7 for consuming two cups of ice cream. The consumer's willingness to pay for the second cup of ice cream is

• A)$0.
• B)$3.
• C)$4.
• D)$7.
• E)$11.

---

Definitions:

Recall

the act of retrieving information or facts from one's memory.

Recall

The act of retrieving information or memories from the past, often without the help of explicit cues.

Implicit Memories

Memories that are not consciously recalled but influence behaviors and skills, such as procedural memories for tasks.

Classical Conditioning

A conditioning method where a response initially triggered by a second stimulus comes to be triggered by the first stimulus alone, due to the repeated pairing of the two stimuli.