If You Put Money in a Vending Machine for a Second

question 23

Multiple Choice

If you put money in a vending machine for a second time without getting either a candy bar or your money returned, you will probably:

• A) experience a subjective conscious state that you may label as frustration or anger.
• B) express your emotion in some sort of behavior, such as swearing, banging the machine, or complaining to someone.
• C) experience physiological arousal.
• D) respond in all of these ways.

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Definitions:

Utility Function

A mathematical representation of how a consumer ranks different bundles of goods based on the level of satisfaction (utility) they provide.

Consumption

The action of using up a resource or goods and services being used by consumers.

Saving

The portion of income not spent on current consumption but reserved for future use.

Total Income

The aggregate amount of income received by an individual or household from all sources before taxes or deductions.