Observe the Difference in Vending Machines Between Canned Soda and Newspapers

question 29

Essay

Observe the difference in vending machines between canned soda and newspapers. Typically, if you insert coins into a newspaper vending machine and open it you will see available all of the copies of the newspaper within one's reach. However, soda machines are very different. They work such that only one can is dispensed at a time. The rest of the canned soda is well out of reach. Explain in terms of marginal utility why the newspaper distributor is relatively unconcerned about the rest of the newspapers being taken without payment while the soda distributor uses a machine that goes to great lengths to insure that only one can of soda is dispensed at a time.

---

Definitions:

Self-Talk

The internal dialogue that occurs in one's mind, which can be positive or negative and has the power to influence feelings and behaviors.

Confidence

A feeling of self-assurance arising from one's appreciation of their own abilities or qualities.

Self-Esteem

An individual’s subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states such as triumph, despair, pride, and shame.

Development

The process of growth or improvement over time, often in context with personal, economic, or societal advancements.