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College students faced with unsolvable problems eventually give up and make only half?hearted attempts to solve new problems, even when the new problems can be solved easily. This behavior is probably due to __________
Perfect Substitute
Products or goods that can serve the same purpose perfectly, such that a consumer is indifferent to which product they use.
Nuts
Edible seeds enclosed in a hard shell, often enjoyed as a snack or used in cooking.
Utility Function
A mathematical representation of how consumers rank different bundles of goods based on the satisfaction each bundle provides.
Indifference Curve
A representation of the consumer's preferences, illustrating different combinations of goods that provide the same level of utility or satisfaction.
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