Figure 10-1 -Refer to Figure 10-1.Which of the Following Statements Is True

question 108

Multiple Choice

Figure 10-1
-Refer to Figure 10-1.Which of the following statements is true?

• A)Quantities Q0 and Q1 are the utility-maximizing quantities of hoagies at two different prices of hoagies.
• B)Quantities Q0 and Q1 may not necessarily be the utility-maximizing quantities of hoagies at two different prices because we have no information on the consumer's budget or the price of other goods.
• C)Quantity Q0 could be a utility-maximizing choice if the price is $5.75,but quantity Q1 may not be because we have no information on the marginal utility per dollar when price changes.
• D)Quantities Q0 and Q1 are derived independently of the utility-maximizing model.

---

Definitions:

Approach Motivation

The driving force that prompts individuals toward positive stimuli or outcomes, as opposed to avoiding negative ones.

Intrinsic Goals

Objectives that are pursued for their own sake, driven by an inherent interest or enjoyment in the task, rather than external rewards.

Universal Needs

Fundamental requirements or desires common to all human beings, such as food, safety, and belonging.

Praised For Working Hard

The act of recognizing and appreciating someone's effort and diligence in their tasks or responsibilities.