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After Getting an a on Your Economics Exam, You Decide

question 143

Essay

After getting an A on your economics exam, you decide to go to your favourite Mexican restaurant to celebrate.You are having trouble deciding whether to order the chipotle chicken chimichanga or the cilantro seafood enchiladas.Use the rule of equal marginal utility per dollar to determine which one to purchase: (a)the chimichanga for $8 which gives you 120 units of utility, or (b)the enchiladas for $15 which gives you 195 units of utility?
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Definitions:

Ainsworth

A psychologist known for her work on attachment theory, specifically the development of the "Strange Situation" assessment.

Strange Situation

A standardized procedure devised by Mary Ainsworth in the 1970s to observe attachment relationships between a caregiver and children.

Attachment

The emotional bond between an infant and the primary caregiver.

Mary Ainsworth

A developmental psychologist known for her work in early emotional attachment with "The Strange Situation" assessment.

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