Sheryl Is Maximizing Her Utility

question 225

Multiple Choice

Sheryl is maximizing her utility.She notices that her marginal utility from the last package of bubble gum consumed is greater than her marginal utility from the last package of mints consumed.This result means that the

• A) price of a package of gum is greater than the price of a package of mints.
• B) price of a package of mints is greater than the price of a package of gum.
• C) total utility of gum must be falling as more gum is consumed.
• D) total utility of mints must be falling as more mints are consumed.
• E) More information is needed to determine which, if any, of the above answers is correct.

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Definitions:

Affective Memory Attributes

Characteristics of memories that are associated with emotions, influencing how memories are processed and recalled.

Distinctiveness

The quality of being notably different or unique, often used in the context of stimuli in psychology to describe how easily an item stands out from others, facilitating learning and memory.

Interference

A cognitive process where previously learned information hinders the ability to learn new information or the recall of existing information.

Proactive Interference

A phenomenon where older memories interfere with the recall of newer memories.