Evan Gets Twice as Much Marginal Utility from an Additional

question 27

Multiple Choice

Evan gets twice as much marginal utility from an additional bottle of water than from an additional bottle of soda.If the price of soda is $1.00 per bottle,then Evan is maximizing utility if the price of a bottle of water is

• A)$1.00
• B)$1.50
• C)$2.00
• D)$.50

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Definitions:

Intellectual Disability

A term used to describe a condition characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers a range of everyday social and practical skills.

Psychiatric Disorder

Conditions involving mental health issues that affect mood, thinking, and behavior, necessitating medical diagnosis and treatment to improve life quality.

Intellectual Disability

A situation where there are substantial limitations in intellectual capabilities alongside deficits in adaptive behavior, including a range of daily social and practical abilities.

Stanford Binet Scale

An individually administered intelligence test that was revised from the original Binet-Simon Scale, measuring five factors of cognitive ability.