Mark Loves Ice Cream

question 83

Multiple Choice

Mark loves ice cream. At any point in time, he will buy an additional ice cream cone if

• A) the marginal benefit from it is zero.
• B) there is no deadweight loss produced by his purchase of a cone.
• C) the marginal benefit from it exceeds the price.
• D) his willingness to pay is less than the price.
• E) None of the above answers is correct.

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Definitions:

Locus of Control

Refers to an individual's belief system regarding the causes of his or her experiences, and the factors to which that person attributes success or failure.

Native Americans

The indigenous peoples of the United States, including both Native American tribes and Alaska Natives.

External Factors

Elements outside an individual that can influence their behavior, decisions, and well-being, such as the environment, social interactions, and cultural norms.

Success

The achievement of a goal or the attainment of wealth, position, honors, or the like.