Suppose That the Extra Cost to Tim of a Third

question 76

Multiple Choice

Suppose that the extra cost to Tim of a third glass of soda is zero because he's at a restaurant that gives free refills. According to the Cost-Benefit Principle Tim should:

• A)drink a third glass of soda.
• B)drink a third glass of soda if the extra benefit of doing so is positive.
• C)drink a third glass of soda if his total benefit from drinking soda is positive.
• D)not drink a third glass of soda.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.