If on Tuesday the Perceived Price of Studying for an Exam

question 56

Multiple Choice

If on Tuesday the perceived price of studying for an exam is $4 per hour but on Saturday the perceived price of studying for an exam is $10,the law of demand predicts

• A) more studying on Saturday and less on Tuesday.
• B) more studying on Tuesday and less on Saturday.
• C) the same amount of studying on Tuesday and Saturday.
• D) no studying on Tuesday or Saturday.

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Definitions:

Utility Principle

A principle in ethics and economics that suggests the best action is the one that maximizes utility, often defined as maximizing happiness and minimizing suffering.

Sadistic Dictator

A ruler who derives pleasure from inflicting suffering on others, often exercising power in a cruel or brutal manner.

Kant

A German philosopher who profoundly influenced modern philosophy with his works on epistemology, ethics, and aesthetics, known for his critique of pure reason.

Morally Right

Refers to actions or decisions that are aligned with ethical principles, often implying a sense of duty or correctness based on moral laws.