Maxwell Is Working on a Challenging "Mind Bender" That Is

question 145

Multiple Choice

Maxwell is working on a challenging "mind bender" that is asking him to connect nine dots using only four lines without taking his pencil off the paper. The nine dots are placed in three groups of three in a square-like formation. Maxwell works on the problem for about fifteen minutes before he realizes that he has been employing the same ineffective strategy. He is forgetting to consider the special circumstances of that particular problem. As soon as he does consider the special circumstances of that particular problem, he'll increase his chances of solving the problem. Until then, Maxwell will continue to experience _____

• A)functional fixedness.
• B)the means-end analysis.
• C)the affirming the consequent phenomenon.
• D)a mental set.

---

Definitions:

Market Price

The amount of money a buyer pays and a seller receives for a product or service in a competitive marketplace.

Producer Surplus

The difference between the amount a producer is paid for a good compared to the minimum amount they would be willing to accept, representing profit.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive due to higher market price.

Binding Price Ceiling

A government-imposed limit on the price of a product or service that is set below the market equilibrium, leading to shortages and a decrease in supply.