DrSamanta Is Interested in How Personality Changes Over Adolescence

question 5

Multiple Choice

Dr.Samanta is interested in how personality changes over adolescence.She enrolls a sample of 10-year-olds and follows them through age 17.This kind of study is known as a(n) ________ study.

• A) observational
• B) longitudinal
• C) cross-sectional
• D) mixed design

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Definitions:

Marginal Utility

The added gratification or usefulness experienced by a buyer when they consume an additional unit of a good or service.

Utility Maximization

The economic principle that individuals or firms strive to get the greatest satisfaction or benefit from their available resources.

Marginal Utility

The enhanced gratification or value a customer derives from consuming another unit of a good or service.

Utility Equilibrium

A state in consumer theory where a consumer efficiently allocates their income to maximize their total utility.