Regretting a Last Unit of Consumption of Cake Implies That

question 165

Multiple Choice

Regretting a last unit of consumption of cake implies that

• A) the total utility from eating cake was negative.
• B) cake is an inferior good.
• C) the marginal utility of the last unit of cake consumed was negative.
• D) the demand curve for cake is horizontal.

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Definitions:

Rods

Rod-shaped photoreceptors that are sensitive only to the intensity of light.

Feature Detectors

Neurons in the sensory cortex that fire in response to specific features of sensory information such as lines or edges of objects.

Neurons

Specialized cells in the nervous system that transmit information through electrical and chemical signals.

Iris

A muscular membrane whose dilation regulates the amount of light that enters the eye.