Suppose You Want to Equalize Your Marginal Utility Per Dollar

question 3

Multiple Choice

Suppose you want to equalize your marginal utility per dollar across all the goods that you consume.If your marginal utility per dollar is higher for one of those items than for any others,you should

• A)consume less of it to reduce your marginal utility.
• B)consume more of it to reduce your marginal utility.
• C)consume more of the other goods to equalize your marginal utilities per dollar.
• D)consume more of all goods in equal proportions.

Recognize the role of painful or demanding rituals in strengthening group identification and loyalty.

Identify how expectations of suffering and effort affect individual choices and self-justification.

Analyze how dissonance reduction strategies rationalize behaviors and attitudes post-decision.

Explore the relationship between suffering for a cause and the increase in its perceived value.