Mary Is 45 Years Old and Is Employed Full-Time

question 91

Multiple Choice

Mary is 45 years old and is employed full-time. She is taking care of her 80-year-old father while also taking care of her 16-year-old. Mary can be labeled as a(n) :

• A)member of the sandwiched generation.
• B)member of the AARP alliance.
• C)conventional dual-caregiver.
• D)intragenerational caregiver.

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Definitions:

Rational Consumer

A consumer who systematically and logically evaluates available options to maximize their satisfaction or utility in decision-making processes.

Marginal Utility

The surplus enjoyment or utility obtained from the consumption of one extra unit of a good or service.

Budget Line

A line that shows the different combinations of two products a consumer can purchase with a specific money income, given the products’ prices.

Marginal Utility

The additional satisfaction or utility a consumer gets from consuming one more unit of a good or service.