If a Consumer Concludes That the Marginal Utility of the Last

question 265

Multiple Choice

If a consumer concludes that the marginal utility of the last dollar spent on vegetables exceeds the marginal utility of the last dollar spent on junk food, he will respond by

• A) consuming relatively more junk food and fewer vegetables.
• B) consuming relatively more vegetables and less junk food.
• C) consuming equal amounts of vegetables and junk food.
• D) halting consumption of junk food altogether.

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Definitions:

Positive Self-image

An individual's perception of themselves in a favorable or uplifting manner, contributing to confidence and self-esteem.

Self-enhancement

A type of motivational process or psychological mechanism whereby individuals perceive or present themselves in a favorable light.

Uncontrollable Factors

Elements or circumstances that cannot be predicted, modified, or managed by individuals or organizations.

Controllable Factors

Elements or conditions that can be managed or influenced by individual actions or decisions in various contexts, often in pursuit of a desired outcome.