Examlex
A consumer is currently spending all of her available income on two goods: music CDs and DVDs. At her current consumption bundle, she is spending twice as much on CDs as she is on DVDs. If the consumer has $120 of income and is consuming 10 CDs and 2 DVDs, what is the price of a DVD?
Critical Thinking
The objective analysis and evaluation of an issue to form a judgment, often involving questioning assumptions and identifying biases.
Overconfidence
A cognitive bias characterized by an individual's overestimation of their own abilities, performance, or level of control.
Overconfidence
A cognitive bias wherein a person's subjective confidence in their judgements is reliably greater than their objective accuracy.
Offered A Job
The act of being presented with an opportunity for employment by an individual or organization.
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