-The Above Table Shows Tammy's Total Utility from Streaming Videos

question 32

Multiple Choice

-The above table shows Tammy's total utility from streaming videos and CDs. If Tammy has $70 to spend on videos and CDs and if the price of a streamed video is $10 and the price of a CD is $20, then the maximum utility Tammy can attain is

• A) 450.
• B) 1280.
• C) 1150.
• D) 1200.

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Definitions:

Overjustification Effect

A psychological phenomenon where external rewards can reduce intrinsic motivation for a task, due to the individual attributing their behavior to the reward rather than their own interest.

Extrinsic Rewards

Benefits given by an external source, such as money, grades, or praise, which are used to motivate certain behaviors.

Intrinsic Enjoy

Finding inherent satisfaction and pleasure in an activity, regardless of external rewards or outcomes.

Self-Handicapping

Self-handicapping is a strategy where individuals create obstacles for themselves as an excuse for potential failure, protecting their self-esteem.