At What Step in the Research Process Does the Researcher

question 20

Multiple Choice

At what step in the research process does the researcher actually go out and collect data?

• A) step 1
• B) step 2
• C) step 3
• D) step 4

---

Definitions:

Marginal Utility

The additional pleasure a consumer experiences from acquiring another unit of a product or service.

Marginal Utility Per Dollar

The additional utility gained from spending one more dollar on a good or service.

Diminishing Marginal Utility

The principle stating that as a person consumes more of a good or service, the satisfaction gained from each additional unit decreases.

Utility Maximizer

An economic concept referring to consumers who select goods or services in a way that maximizes their total satisfaction or utility.