Marsha Mellow Is Very Flexible

question 67

Multiple Choice

Marsha Mellow is very flexible.She consumes x and y.She says, "Give me x or give me y, I don't care.I can't tell the difference between them." She is currently endowed with 8 units of x and 17 units of y.The price of x is 3 times the price of y.Marsha can trade x and y at the going prices but has no other source of income.How many units of y will Marsha consume?

• A)17
• B)44
• C)25
• D)41
• E)21

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Definitions:

Inducements

are incentives or rewards offered to persuade someone to take a certain action or make a specific decision.

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and underestimate situational factors when explaining others' behaviors.

Self-serving Bias

A cognitive bias leading individuals to attribute their successes to internal factors while blaming external factors for their failures.

Behaviour

The actions or reactions of an individual or group in response to external or internal stimuli.