<u>Answer:
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Most college students are "owls," with performance improving across the day. Most older adults are "larks," with performance declining as the day progresses.
<u>Explanation:
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- Depending on the age, the activity levels in humans vary. The ability to retain and use energy in college-going students is more than that in the older adults.
- The reason behind this is the agility and endurance that a comparatively young physique has than an old physique.
- The performance of college students is seen improving across the day because their bodies get prepared for more activity with increased activity. The opposite can be deemed to be true for older adults.
Answer:
Consumers must choose among alternative goods with their limited money incomes. The Utility Maximization rule states: consumers decide to allocate their money incomes so that the last dollar spent on each product purchased yields the same amount of extra marginal utility.
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