A Gift-Giver's Efficient Number of Gifts (To Give to a Gift-Recipient)has

question 51

Multiple Choice

A gift-giver's efficient number of gifts (to give to a gift-recipient) has fallen from 10 to 8.This could be because

• A) the gift-giver's marginal benefit curve for giving gifts shifted down and left.
• B) the gift-giver's marginal cost curve of giving gifts shifted up and left.
• C) the gift-recipient "fell out" of the gift-giver's utility function.
• D) a and b
• E) none of the above

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Definitions:

Incentive

A motivational factor that prompts a person to act in a certain way or pursue a particular course of action.

Innate Goal

An inherent aim or objective that is hardwired into an organism, guiding its behaviors from birth.

Self-actualization

A term originating from humanistic psychology, referring to the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Abraham Maslow

A renowned American psychologist famous for developing the hierarchy of needs theory, which suggests psychological well-being is based on satisfying fundamental human needs in a specific order, ultimately leading to self-actualization.