Which of the Following Situations Reflects a Theory of Mind

question 74

Multiple Choice

Which of the following situations reflects a theory of mind?

• A)April touches the hot stove and pulls her hand away.
• B)Donna drinks water to quench her thirst in the hot sun.
• C)Jorge wants a cookie so he gets one from the cabinet.
• D)Tuan cries because he has a fever and a headache.

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Definitions:

Utility Maximization

The process by which consumers allocate their spending to maximize the total satisfaction or utility received from their available resources.

Utility Maximization

The process by which consumers allocate their income in a way that maximizes their overall satisfaction or utility.

Marginal-Utility Schedules

Tables or graphs showing the relationship between the quantity of a good consumed and the incremental satisfaction (utility) gained from consuming each additional unit.

Utility Maximization

An economic principle where consumers attempt to get the greatest satisfaction possible from their available resources.