The Price of a Can of Soft Drink Is $1

question 296

Multiple Choice

The price of a can of soft drink is $1.25 and the marginal utility of the second can consumed is 10 utils. The marginal utility of the third hotdog is 4 utils. You should only consume the third hotdog if the price of the hotdog is less than or equal to

• A) $0.41.
• B) $0.625.
• C) $0.25.
• D) $0.50.

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Definitions:

PTSD

Post-Traumatic Stress Disorder; a psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event.

Y Chromosome

A sex chromosome that is typically present in males and is responsible for determining male biological characteristics.

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The concentration of cortisol, a steroid hormone, in the blood, which can vary due to stress, time of day, and health conditions.

Social Support

The perception and actuality of being cared for, valued, and part of a network of communication and mutual obligations.