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Jake,a Two-Year-Old Toddler,is Left with a Babysitter While His Parents

question 15

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Jake,a two-year-old toddler,is left with a babysitter while his parents go out to dinner.Surprisingly,he isn't particularly upset when they leave though he hangs onto his teddy bear.In addition to the fact that Jake has learned that his parents don't cease to exist when they are out of his sight,Jake's response is most likely a result of:


Definitions:

Satisfaction

The contentment one feels when one's needs, desires, or expectations are fulfilled or surpassed.

Diminishing Marginal Utility

A principle stating that as a consumer consumes more of a good or service, the utility (satisfaction) gained from each additional unit decreases.

Supply Curves

Graphical representations that show the relationship between the price of a good and the quantity of the good that producers are willing to supply.

Demand Curves

Graphical representations showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase.

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