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William Davies, a Guest Relations Executive at a Five Star

question 49

Multiple Choice

William Davies, a guest relations executive at a five star deluxe hotel, regularly interacts with bureaucrats, politicians, celebrities, and other prosperous individuals. He feels that all rich people are kind, hardworking, and friendly. Which of the following is Davies most likely to be characterized by?


Definitions:

Total Utility

The total satisfaction received from consuming a given total quantity of a good or service.

Marginal Utility

The additional satisfaction or benefit received from consuming one more unit of a good or service.

Number

A mathematical object used to count, measure, and label.

Units

Basic quantities or measurements in various fields like sciences, mathematics, and economics used to express the magnitude or quantity of something.

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