The Below Table Shows the Average Utility (In Utils) Obtained

question 39

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3

-Derek has $1 to spend at the grocery store. An apple, an orange, and a banana cost $0.50 each. If Derek's MU_A/P_A (ratio of marginal utility to price) of an apple is 45, MU_O/P_O of an orange is 38, and MU_B/P_B of a banana is 52, he will purchase a(n) _____ first and a(n) _____ second.

• A)apple; orange
• B)orange; apple
• C)banana; orange
• D)banana; apple
• E)orange; banana

---

Definitions:

Personal Fable

A cognitive distortion encountered in adolescence, making individuals believe they are unique, invincible, and not understood by others.

Moral Judgments

Decisions or opinions about what is right and wrong, typically reflecting personal values or societal standards.

Imaginary Audience

is a psychological concept where an individual believes that his or her actions are the focus of other people's attention and interest.

Adolescent Egocentrism

A developmental stage where teenagers believe their thoughts, feelings, and experiences are unique and not understood by others.