Samantha Is Maximizing Total Utility While Consuming Food and Clothing

question 127

Multiple Choice

Samantha is maximizing total utility while consuming food and clothing. Her marginal utility from food is 50, and her marginal utility from clothing is 25. If clothing is priced at $10 per unit, the price of food per unit must be

• A) $2.
• B) $5.
• C) $2.50.
• B) $20.

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Definitions:

Neo-Freudian

Psychologists who accepted the basic foundations of Freud's theory but modified it to include social and cultural factors.

Karen Horney

A German psychoanalyst known for her theories on neurosis, feminine psychology, and the importance of cultural and social factors in personality development.

Feminine Psychology

An approach in psychology that focuses on issues of female development and the psychological differences between the sexes, often emphasizing nurturing and relational aspects.

Collective Unconscious

A concept in psychology, suggested by Carl Jung, that refers to the part of the unconscious mind which is derived from ancestral memory and experience shared by all human beings.