If the Marginal Utility Per Dollar Is Not the Same

question 70

Multiple Choice

If the marginal utility per dollar is not the same for each good,the consumer could ________ her utility by spending ________ on goods for which the marginal utility per dollar is higher.

• A) increase; more
• B) increase; less
• C) decrease; more
• D) minimize; more

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Definitions:

Cognitive Perspective

A psychological approach that emphasizes mental processes such as perception, memory, and thinking, as the keys to understanding behavior.

Social Forces

The societal structures, cultural norms, and institutional practices that influence individuals' behaviors, attitudes, and life chances.

Cultural Forces

The various elements within a society that influence and shape its cultural beliefs, values, norms, and practices, including religion, media, laws, and traditions.

Stream of Consciousness

A literary technique or narrative mode that attempts to capture the flow of thoughts and feelings running through the mind.