Carl has $20, which he’d like to spend on some combination of coconuts and pineapples. His goal is to maximize utility from consumption — we provide here his total utility for coconut and pineapple consumption: coconuts pineapples quantity total utility quantity total utility 1 60 1 80 2 112 2 144 3 156 3 192 4 196 4 224 5 228 5 240 Carl’s total utility is the sum of his utility from consuming coconuts and his utility from consuming pineapples. Coconuts cost $4 each. First, say that pineapples cost $8 each. If so, how many coconuts does Carl purchase? [c1] How many pineapples? [p1] What is his total utility? [u1] Say that the grocery store discounts pineapples to $4 each. Solve the problem again. How many coconuts does Carl purchase now? [c2] How many pineapples? [p2] What is his total utility? [u2]
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Carl has a budget of $50 to spend assembling a toolbox. Ham…
Carl has a budget of $50 to spend assembling a toolbox. Hammers cost $10 each, while screwdrivers and wrenches both cost $5 each. Which of the following bundles exactly meets Carl’s budget constraint?
Which of the following statements about anger is NOT correct…
Which of the following statements about anger is NOT correct?
Which of the following is an explanation for misperceived so…
Which of the following is an explanation for misperceived social norms?
According to EPPM, when perceived threat is high and perceiv…
According to EPPM, when perceived threat is high and perceived efficacy is also high, what happens?
Which of the following is NOT a component of the extended pa…
Which of the following is NOT a component of the extended parallel process model?
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Perceptions about the prevalence of a behavior among others refer to:
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According to the parallel process model (Leventhal), fear appeal messages can generate two types of responses.
What kind of risk communication is needed for a low hazard,…
What kind of risk communication is needed for a low hazard, high outrage group?
Which of the following statements about fear appeals is CORR…
Which of the following statements about fear appeals is CORRECT?