When Presented with Two Choices for Afternoon Entertainment,Riana Has a Clear

question 93

Multiple Choice

When presented with two choices for afternoon entertainment,Riana has a clear favorite: going to the movies provides her with 40 utils,while attending a baseball game provides 32 utils.The price for both tickets is $5,causing Riana to choose the movies.What price for a baseball game ticket would cause Riana to choose that instead?

• A) $3.99
• B) $4.00
• C) $4.01
• D) $1.60
• E) The ticket price is irrelevant because the marginal utility will always be greater.

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Definitions:

Cultural Modeling

Culturally specific ways of telling stories.

Nature

The phenomena of the physical world collectively, including plants, animals, the landscape, and other features and products of the earth, as opposed to humans or human creations.

Language Acquisition

The process by which individuals learn their native language(s), including the comprehension and production of speech.