If Soula Is Maximizing Her Utility and Consuming Two Goods

question 44

Multiple Choice

If Soula is maximizing her utility and consuming two goods that have the same marginal utility, she

• A)buys only one.
• B)buys equal quantities of both.
• C)is paying the same price for each good.
• D)receives the same total utility from each good.
• E)none of the above

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Definitions:

Fromm's

A psychological and philosophical inquiry into human freedom, love, and the art of living, introduced by psychoanalyst Erich Fromm.

Locus of Control

A psychological concept that refers to an individual's belief about the extent to which their actions can influence outcomes in their life, classified into internal and external loci of control.

Rotter's Concept

Rotter's Concept refers to the psychological theory of locus of control, which suggests that individuals attribute outcomes to internal dispositions or external circumstances.

Antisocial Behavior

Actions that harm or lack consideration for the well-being of others; often against societal norms or laws.