Suppose the Price of Chocolate Chip Cookies Is $4

question 343

Multiple Choice

Suppose the price of chocolate chip cookies is $4.00 per pound and the price of a slice of cake is $2.00 per slice. The relative price of cookies in terms of cake is

• A) $2.00 per cookie.
• B) $4.00 per cookie.
• C) 1/2 slice of cake per cookie.
• D) 2 slices of cake per cookie.

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Definitions:

Norms

Shared expectations and rules that guide behavior within a group or society, often unspoken and learned through social interaction.

Reactance Theory

Suggests that individuals may react against threats to their freedom of choice by doing the opposite of what they are being pushed towards, to reassert their autonomy.

Plan A

The primary strategy or course of action intended to achieve a specific goal before any alternatives are considered.

Likely

Having a high probability of occurring or being true.