Suppose a Person's Utility Is Only a Function of Their

question 41

Multiple Choice

Suppose a person's utility is only a function of their consumption of diet soda and they do not care which brand,Diet Coke (DC) or Diet Pepsi (DP) they consume.Suppose further that P_DC < P_DP.If P_DC rises but it remains less than P_DP then the consumption of DC

• A) Falls from a positive amount to zero
• B) Falls from a positive amount to another positive amount.
• C) rises.
• D) stays at zero.

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Definitions:

Primates

An order of mammals that includes humans, apes, monkeys, and prosimians, characterized by their large brains, forward-facing eyes, and opposable thumbs.

Behavioral Patterns

Repetitive actions or reactions exhibited by individuals often in response to certain stimuli or conditions, which can be common among specific groups or species.

Cultural Behavior

Actions and practices that are learned and shared within a culture, often reflecting the values and norms of that culture.

Physical Differences

The variations in bodily characteristics among individuals or groups, including aspects like height, skin color, facial features, and genetic traits.