Answering Questions at the End of a Presentation Gives You

question 32

Multiple Choice

Answering questions at the end of a presentation gives you a chance to

• A)obtain important information.
• B)build enthusiasm for your point of view.
• C)emphasize your main ideas and supporting points.
• D)all of the above.

---

Definitions:

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is produced up to the point where the last unit provides a benefit to consumers equal to the cost of producing it.

Producer Surplus

The variance between the price producers are willing to take for a good or service and the price they end up receiving.

Consumer Surplus

The discrepancy between the price consumers are ready to offer for a good or service and the price they end up paying.

Marginal Benefit

The enhanced enjoyment or utility gained from the consumption of one extra unit of a good or service.