The Host at a Party Offers Justin a Sixth Beer

question 78

Multiple Choice

The host at a party offers Justin a sixth beer.Justin says, "No thanks, man.The marginal utility of that fifth beer was, like, 20 cents, but the marginal utility of the sixth would be minus 10 cents." From his comments, we deduce that Justin

• A)is an alcoholic.
• B)may think that a sixth beer would make him sick.
• C)is irrational.
• D)wrongly estimates the marginal utility of the fifth beer.

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Definitions:

Broker

An individual or entity that acts as an intermediary between parties, often involved in negotiating contracts, deals, or transactions.

Rephrasing

The act of expressing the same idea or message in different words, often to clarify or simplify its meaning.

Clarification

The process of making something understood more clearly by explaining it in more detail or resolving ambiguity.

Formal Clothing

Attire that adheres to specified dress codes typically worn for events such as weddings, formal dinners, and certain workplaces.