Smith Says She Gets 5 Utils from Consuming the Fifth

question 56

Multiple Choice

Smith says she gets 5 utils from consuming the fifth unit of a good whereas Jones says he gets 10 utils from consuming the fifth unit of a good. It follows that

• A)the fifth unit of the good means more to Jones than Smith.
• B)the fifth unit of the good means more to Smith than Jones.
• C)the fifth unit of the good means twice as much to Jones as it means to Smith.
• D)if the law of diminishing marginal utility holds, both Smith and Jones will get less utility from the sixth unit of the good than the fifth.

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Definitions:

Continuum Model

A conceptual framework suggesting that certain traits or behaviors exist along a continuous spectrum, rather than being present or absent in a binary manner.

Abnormality

Deviation from the average or norm, often used in medical, psychological, or statistical contexts to indicate a distinct difference that may indicate a potential issue.

Clinical Social Worker

A healthcare professional who provides mental health services, focusing on the assessment, diagnosis, and treatment of mental illness, emotional, and other life social issues.

Licensed Mental Health Counselors

Professionals specialized in providing counseling and therapy to individuals with mental health issues, holding a license that certifies their qualifications.