Answer:
23. D
(This statement shows overconfidence as there are no facts to prove
it.)
24. D
(Here, Veronica is overvaluing her present relative to the
future.)
25. B
(Altruism promotes people to contribute for social cause.)
23. The Lake Wobegon effect refers to the tendency of people to think that they are...
18. Carla purchased cupcakes and milk until the marginal utility per dollar spent was equal for both goods. If the price of the cupcakes was $3 and the price of milk was $1.50, then: A) the marginal utility of cupcakes is two times the marginal utility of milk. B) the marginal utility of milk is two times the marginal utility of cupcakes. C) the marginal utility of both goods are equal. D) milk has a positive marginal utility, and cupcakes...
18. Carla purchased cupcakes and milk until the marginal utility per dollar spent was equal for both goods. If the price of the cupcakes was $3 and the price of milk was $1.50, then: A) the marginal utility of cupcakes is two times the marginal utility of milk. B) the marginal utility of milk is two times the marginal utility of cupcakes. C) the marginal utility of both goods are equal. D) milk has a positive marginal utility, and cupcakes...
12. (Table) Based on the table, the marginal utility from consuming the fourth root beer is utils. Root Beer Candy Bars Quantity Total Utility Quantity Total Utility 0 0 0 60 1 80 2 110 - 2 I 3 150 180 230 200 240 A) 40 B) 20 C) 30 D) 50 13. Jenn's marginal utility of the last candy bar consumed is 8 and her marginal utility of the last smoothie consumed is 20. If candy bars cost $2...
12. (Table) Based on the table, the marginal utility from consuming the fourth e fourth root beer is utils. Root Beer Candy Bars Quantity Total Utility Quantity Total Utility 0 0 0 0 60 80 2 110 150 3 150 200 180 5 200 5 240 A) 40 B) 20 C 30 D) 50 13. Jenn's marginal utility of the last candy bar consumed is 8 and her marginal utility of the last smoothie consumed is 20. If candy bars...
Gerhard weighed 275 pounds, with 45% body fat. Marta weighed 135 pounds, with 30% body fat. Gerhard and Marta each set a New Year's goal to lose 20% of their body weight by June. They both bought 6-month memberships to a gym and kept going to the gym. Marta lost only 10% of her body weight. However, Gerhard lost 25% of his body weight in the first four months, but he kept working out at the gym since he had...