Problem Problems and Applications 21.15
Five consumers have the following marginal utility of apples and pears: The price of an apple is $2, and the price of a pear is$1. Which, if any, of these consumers are optimizingover their choice of fruit? For those who are not, howshould they change their spending?
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Chapter 6 Tuesday, September 20, 2016 2:30 PM Personality Totality of thoughts, emotions, intentions, tendencies, and behaviors o Consistency exhibited by people as they adapt to the environment Unique to an individual Combination of specific traits or characteristics Interacts with situations to influence behavior Specific behaviors varying across time Approaches to Personality Psychoanalytical approach: suggests personality results from a struggle between inner motives and societal pressures to follow rules and expectations o Applicable to motivation and personality inquiry o Highlights the importance of unconscious mental processes in influencing behavior o Components of human
Textbook: Principles of Economics
Author: N. Gregory Mankiw
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