Even Though It Is Available, Bob Never Purchases Bottled Water

question 37

Multiple Choice

Even though it is available, Bob never purchases bottled water when he is thirsty. Bob's behavior indicates that bottled water

• A) does not meet Bob's evaluative criteria.
• B) increases Bob's cognitive dissonance.
• C) is not included in Bob's evoked set.
• D) decreases Bob's perceptual categorization.

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Definitions:

Public Good

A good that is non-excludable and non-rival in consumption, meaning no one can be prevented from using it and one person's use does not reduce availability to others.

Marginal Social Benefit

The additional benefit to society from producing one more unit of a good or service.

Marginal Benefit

The bonus satisfaction or benefit gained by consuming one more unit of a good or service.

Marginal Social Benefit

The additional benefit to society from consuming one more unit of a good or service.