Alex Wants to Maximize His Utility

question 77

Multiple Choice

Alex wants to maximize his utility. At his current level of consumption, Alex's marginal utility from an additional cup of coffee is 15 utils, and his marginal utility from an additional can of soda is 11 utils. If the price of a cup of coffee is $3 and the price of a can of soda is $2, Alex should:

• A)reallocate his spending away from coffee and towards soda.
• B)reallocate his spending away from soda and towards coffee.
• C)not change his consumption of either coffee or soda.
• D)decrease his spending on both coffee and soda.

Grasp the central concept of the nature-nurture debate within human development.

Identify examples of discontinuous versus continuous change in development.

Recognize the role of individual agency in one's own developmental process.

Appreciate the composite nature of human growth as both a continuous and discontinuous process.

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Definitions:

Electroconvulsive Therapy

A psychiatric treatment in which seizures are electrically induced in patients to provide relief from mental disorders, particularly major depressive disorder and schizophrenia.

Severe Depression

A serious mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Electroconvulsive Therapy

A psychiatric treatment in which seizures are electrically induced in patients to provide relief from severe mental disorders.

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, leading to a range of psychological symptoms.