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:

Genetic Predisposition

The increased likelihood of developing a particular disease or trait based on an individual's genetic makeup.

Smoking

The act of inhaling and exhaling the smoke of burning tobacco, often associated with health risks and addiction.

Anorexia Nervosa

An eating disorder characterized by an obsessive fear of gaining weight, leading to severe restriction of food intake.

Biopsychosocial Model

An approach that attributes disease outcome to the intricate, variable interaction of biological factors (genetic, biochemical, etc.), psychological factors (mood, personality, behavior, etc.), and social factors (cultural, familial, socioeconomic, medical, etc.).