Bobby Consumes Only Chocolate Ice Cream and Vanilla Ice Cream

question 128

Multiple Choice

Bobby consumes only chocolate ice cream and vanilla ice cream. He is spending all of his income. His marginal utility of chocolate is 200 and his marginal utility of vanilla is 200, and the price of chocolate is $1.00 per scoop and the price of vanilla is $2.00 per scoop. To maximize his utility, Bobby should

• A) buy more chocolate ice cream and less vanilla ice cream.
• B) buy more vanilla ice cream and less chocolate ice cream.
• C) not change his purchases between chocolate ice cream and vanilla ice cream.
• D) buy no vanilla ice cream.

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Definitions:

Recovered Memories

Pertains to memories of traumatic events that were not remembered for a period of time but have been recalled later, often through therapeutic techniques.

Skeptical

Having an attitude of doubt or a disposition to incredulity either in general or toward a particular object.

Therapy

A treatment intended to relieve or heal a disorder, often involving psychological techniques.

Eyewitness Testimonies

Statements given by individuals who have witnessed a particular event, often used as evidence in legal proceedings, though their reliability can be affected by various factors.