Answer:
The contrast error
Explanation:
Contrast error occurs when an individual rating is affected either positively or negatively based on the history of their previous marks.
Contrast error is an error that occurs when an individual is constantly evaluated in the basis of their previous mistakes or achievements.
Professor Arthur commits a contrast error by grading his students by their various performances on a previously read paper.
Individuals that make choices inside the budget constraint, allow them to save, but spending directly from the budget is what people do. Basically they will get the most use out of their income. If they maximize money, will maximy utility too.
