Sergio Consumes Only Beef and Snails and Is Maximizing His

question 196

Multiple Choice

Sergio consumes only beef and snails and is maximizing his utility. If the price of beef is less than the price of snails, then we definitely know that

• A) Sergio buys more beef than snails.
• B) Sergio buys more snails than beef.
• C) the marginal utility from the last pound of beef purchased is greater than the marginal utility from the last pound of snails purchased.
• D) the marginal utility from the last pound of snails purchased is greater than the marginal utility from the last pound of beef purchased.

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.