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Sergio is maximizing utility in his consumption of beer and bubble gum. If the price of beer is greater than the price of bubble gum, then we know

the marginal utility from the last purchased beer is greater than the marginal utility from the last purchased bubble gum.

the marginal utilities from the last purchased beer and bubble gum are equal.

the marginal utility from the last purchased bubble gum is greater than the marginal utility from the last purchased beer.

Sergio buys more beer than bubble gum.

Sergio buys more bubble gum than beer.

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Which one of the following is not an assumption of marginal utility theory?

More consumption yields more total utility.

Consumers maximize total utility.

People derive utility from their consumption.

Utility can be measured.

Marginal utility diminishes with more consumption.

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If a consumer's income increases and if all goods are normal goods,

the quantity bought of some normal goods increases and of other normal goods decreases, but we can't make an accurate prediction.

some goods become inferior because it isn't possible to buy all goods.

the supply of all goods increases and the marginal utility from all goods decreases.

the quantity bought of each good increases.

the quantity bought of each good decreases.

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Marginal utility theory predicts that a rise in the price of a banana results in

a movement downward along the demand curve for bananas.

a movement upward along the demand curve for bananas.

the demand curve for bananas shifting leftward.

the demand curve for bananas shifting rightward.

the demand curve for bananas shifting rightward and the supply curve for bananas shifting rightward.

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For a consumer to maximize utility from a given income,

the total utility from each good must be maximized.

the amount of each good consumed per dollar must be equal.

the marginal utilities of all goods and services consumed must be equal.

the marginal utility from each good must be maximized.

the marginal utility per dollar from all goods and services consumed must be equal.

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Behavioural economics and neuroeconomics seek to achieve

a theory in which consumers are always utility-maximizers.

the reason why we do not always make rational economic decisions.

the rational concepts that support the law of demand and the law of supply.

a new method for the human brain to work out rational choice.

a method of using willpower and self-interest to gain utility maximization.

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Explain operationalisation process in research with a suitable example

Write important differences between ethnography, participant observation and action research

Write two differences between construct and criterion validity

Define external valid and write two factors that affect external validity

If a researcher is checking the reliability of a recently developed measure, which are the different reliabilities concerns they should have? Briefly explain those.

Does a longitudinal research address concerns related to reliability? Explain with an example.

Differentiate between Secretarial and Jefferson's style of transcription. Explain any two types of communications that are likely to be missed when we use secretarial style of transcription?

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A METHOD OR TECHNIQUE IS

a general set of assumptions about ways of inquiring into the nature of the world

a specific way of gathering and analysing information

a combination of techniques used to inquire into a specific situation

philosophical assumptions about the nature of reality

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