The following table shows Erica's utility for muffins and grapefruit.
-Refer to the above information to answer this question.If Erica has a budget of $5 and the price of both muffins and grapefruit are $1,what will be the total utility of her optimal purchase?
Definitions:
Skinner's Explanation
Refers to B.F. Skinner's behaviorist theory, which emphasizes the role of environmental factors in shaping behavior through reinforcement and punishment.
External Factors
Elements outside an individual, such as environmental, social, or economic forces, that can influence thoughts, behaviors, and outcomes.
Bandura's Theory
Refers to Albert Bandura's social learning theory, which posits that people learn from one another via observation, imitation, and modeling.
Self-Regulation
The process by which individuals control their behavior, emotions, and thoughts towards achieving long-term goals.
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