Suppose the Marginal Utilities for the First Three Cans of Soda

question 235

Multiple Choice

Suppose the marginal utilities for the first three cans of soda are 100, 80 and 60, respectively.The total utility received from consuming 2 cans is

• A)20.
• B)80.
• C)90.
• D)180.

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Definitions:

Selective Attention

The process by which a person focuses on one or a few select stimuli while ignoring others, allowing the individual to concentrate on important information.

Reticular Activating System

A network of neurons located in the brainstem that regulates wakefulness and sleep-wake transitions.

Alertness

The state of active attention and readiness to respond to stimuli, often considered a key component of consciousness.

Brain Areas

Specific regions of the brain that have distinct functions, such as the frontal lobes for decision making and the hippocampus for memory.