Tran Currently Consumes Only Milk and Cereal

question 44

Multiple Choice

Tran currently consumes only milk and cereal. She drinks 4 quarts of milk priced at $3 per quart and gets 30 utils for the last quart. She consumes eight boxes of cereal at a price of $6 per box and gets 60 utils for the last box. Is Tran maximizing her utility?

• A) No. She should consume more milk.
• B) No. She should consume more honey.
• C) Yes.
• D) No. She should consume more of both goods.

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Definitions:

Mood-Congruent Memory

The tendency to recall experiences that are consistent with one’s current good or bad mood.

Memory Consolidation

The process by which short-term memories are transformed into long-term memories, making them stable and long-lasting.

Hippocampus

A crucial part of the brain involved in memory formation, organization, and retrieval.

Cerebral Cortex

The outermost layer of the brain, involved in high-level brain functions such as thought, memory, emotion, and language.