Two-Year-Old Max Says the Word "Bunny" for a Large Hamster

question 97

Multiple Choice

Two-year-old Max says the word "bunny" for a large hamster and a white rat.Max's error is known as:

• A)telegraphic speech.
• B)underextension.
• C)aphasia.
• D)overextension.

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Definitions:

Consumption Choice

The decision made by consumers on how to allocate their income among various goods and services to maximize their utility.

Marginal Utility

The extra pleasure or benefit gained by a consumer from using an additional unit of a product or service.

Utility Maximization

Utility maximization is a principle in economics that suggests consumers aim to get the greatest satisfaction possible from their disposable income, choosing the mix of goods and services that maximizes their utility.

Px

Often used as a notation for the price of a good x in economic models.