You Consider Yourself to Be Wise Consumer

question 362

Multiple Choice

You consider yourself to be wise consumer. The marginal utility/price ratio of coffee is 12 utils per dollar. If the price of a donut is $0.75, you should only buy the donut if it gives you at least

• A) 16 utils of satisfaction.
• B) 9 utils of satisfaction.
• C) 12 utils of satisfaction.
• D) The answer cannot be determined with this information.

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Definitions:

Public Figures

Individuals who are widely recognized by the public, often due to their roles in society or their participation in public affairs.

Defamation

The act of communicating false statements about a person that injure that person's reputation, either in written (libel) or spoken (slander) form.

Absolute Privilege

A special right, immunity, permission, or benefit given to certain individuals that allows them to make any statements about someone without being held liable for defamation for any false statement made, regardless of intent or knowledge of the falsity of the claim.

Defamation

A false communication that harms another's reputation, making others think less of the person.