A Person's ________ Consist(s) of All the Groups That Have

question 101

Multiple Choice

A person's ________ consist(s) of all the groups that have a direct (face-to-face) or indirect influence on his/her attitudes or behavior.

• A) subculture
• B) family
• C) social class
• D) reference groups
• E) social networks

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Definitions:

Marginal Revenue

The additional income received from selling one more unit of a good or service; it's a critical concept in determining optimal output level.

Prices

The cost in terms of money expected, required, or given for acquiring something.

Marginal Revenue

The extra revenue a company earns by selling an additional unit of a product or service.

Prices

The cash amount one needs to spend to obtain a good, service, or asset.