Choose the Statement or Statements That Are Correct

question 89

Multiple Choice

Choose the statement or statements that are correct. I.The value of one more unit of a good or service is its marginal benefit.
II.Marginal benefit equals the total amount we spend on a good or service.
III.Marginal benefit is the maximum amount willingly paid for another unit of a good or service.

• A)I only
• B)II only
• C)I and III
• D)III only
• E)I,II,and III

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Definitions:

Consciousness

The state of being aware of and able to think about one's surroundings, actions, and thoughts.

Circadian Cycle

An innate system that controls the cycle of sleeping and waking, repeating approximately every 24-hour period.

Consciousness

The state of being awake and aware of one's surroundings, thoughts, and feelings.

Personal Awareness

The conscious recognition and understanding of one's own character, feelings, motives, and desires.