Which of the Following Statements Most Fully Explains a Driver's

question 169

Multiple Choice

Which of the following statements most fully explains a driver's decision, as discussed in the Case in Point on Changing Lane and Raising Utility, to pay to use a highway express lane?

• A) The total utility of using the lane must be greater than zero.
• B) The marginal utility per dollar on using the lane must be greater than zero.
• C) The marginal utility per dollar spent on the lane must be equal to the price per gallon of gasoline plus associated driving costs.
• D) The marginal utility per dollar spent on the lane must be greater than the marginal utility per dollar spent on the next best alternative.

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Definitions:

False Claims

Assertions or statements made without substantiation or which are knowingly untrue, particularly in legal or financial contexts.

Medicare

A federal program providing health insurance to people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.

Criminal Fraud

The act of intentionally deceiving someone with false representations of fact to gain an unlawful or unfair advantage, often leading to financial loss for the victim.

Bribery

The act of offering, giving, receiving, or soliciting something of value to influence the action of an official or other person in charge of a public or legal duty.