Kevin Is a 32-Year-Old Unemployed Man Who Lives with His

question 11

Multiple Choice

Kevin is a 32-year-old unemployed man who lives with his parents. He has no plans to look for a job and spends much of his time in bars using his father's credit card to buy himself and others alcohol. Based on this information, it is likely that his parents raised him using​  

• A)an authoritarian parenting style. 
• B)an authoritative parenting style. 
• C)a permissive parenting style. 
• D)a neglectful parenting style.

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Definitions:

Marginal Utility

The boost in satisfaction or usefulness experienced from consuming an additional unit of a good or service.

Hypothetical Consumer

An assumed average consumer used in economic and marketing models to predict the behavior of consumer populations.

Utility-Maximizing

A principle in economics whereby individuals seek to optimize their satisfaction or happiness through the consumption of goods and services.

Total Product Curve

A graphical representation showing how the quantity of output depends on the quantity of a variable input, holding all other inputs fixed.