The Host at a Party Offers Justin a Sixth Beer

question 78

Multiple Choice

The host at a party offers Justin a sixth beer.Justin says, "No thanks, man.The marginal utility of that fifth beer was, like, 20 cents, but the marginal utility of the sixth would be minus 10 cents." From his comments, we deduce that Justin

• A)is an alcoholic.
• B)may think that a sixth beer would make him sick.
• C)is irrational.
• D)wrongly estimates the marginal utility of the fifth beer.

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Definitions:

Christmas

An annual festival commemorating the birth of Jesus Christ, observed primarily on December 25 as a religious and cultural celebration among billions of people around the world.

Sermon on The Mount

A collection of teachings and sayings of Jesus Christ, found in the New Testament, which emphasizes compassion, humility, and love.

Sexism

The belief that one sex, usually male, is superior to the other.

Social Connections

The relationships and networks that individuals form with others, which can influence their social behavior and opportunities.