Suppose That for Jim the Marginal Benefit (MB)of Producing Is

question 1

Multiple Choice

Suppose that for Jim the marginal benefit (MB) of producing is $60 and that the marginal cost (MC) of producing is $10.Suppose also that his marginal benefit of stealing is $50 and the marginal cost of stealing is $10.Is Jim currently maximizing utility in terms of producing and stealing? If not,should he produce more and steal less,or produce less and steal more to move toward utility maximization?

• A) Yes,Jim is maximizing utility.
• B) No,Jim is not maximizing utility.Since the MB/MC ratio for producing is less than the MB/MC ratio for stealing,Jim should produce more and steal less.
• C) No,Jim is not maximizing utility.Since the MB/MC ratio for producing is greater than the MB/MC ratio for stealing,Jim should produce more and steal less.
• D) No,Jim is not maximizing utility.Since the MB/MC ratio for producing is greater than the MB/MC ratio for stealing,Jim should steal more and produce less.

Understand the cardinal values of the social work profession as outlined by the National Association of Social Workers (NASW).

Identify and apply ethical principles in managing conflicts between personal and professional values.

Understand and respect a client's right to self-determination within social work practice.

Recognize and address the issue of transference in the social worker-client relationship.

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Definitions:

Piaget

A theorist renowned for detailing the stages of cognitive development in children, emphasizing how they progress through distinct stages including sensorimotor, preoperational, concrete operational, and formal operational stages.

Cognitive Processes

The mental actions or steps involved in acquiring knowledge and understanding through thought, experience, and the senses.

Mental Processing

The internal cognitive activity that allows the mind to process information such as thoughts, understanding, remembering, and decision-making.

Early Experiences

Influential events or interactions in the early stages of an individual's life that significantly shape their development, behavior, and learning.