Byron Drinks Five Cups of Coffee Each Day During the Work

question 132

Multiple Choice

Byron drinks five cups of coffee each day during the work week.Whenever he sleeps late on Saturdays,he wakes up with a headache that only goes away when he has a cup of coffee.Based on this you know that Byron is most likely experiencing

• A) tolerance.
• B) psychological dependence.
• C) withdrawal.
• D) contextual cravings.

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Definitions:

Marginal Benefit

Marginal Benefit refers to the additional satisfaction or utility that a person receives from consuming an extra unit of a good or service.

Marginal Cost

Marginal cost describes the increase in total cost that arises from producing one more unit of a particular good or service.

Economic Perspective

A viewpoint that envisions individuals and institutions making rational decisions by comparing the marginal benefits and marginal costs associated with their actions.

Productive Resources

Inputs used in the production of goods and services, including labor, capital, and natural resources.