Consumers Choose ________. Consumers Are Efficient on the Market Demand Curve Because ________

question 31

Multiple Choice

Consumers choose ________.
Consumers are efficient on the market demand curve because ________.

• A)to maximize profit;they only purchase goods and services that they can afford
• B)to buy a good or service only if they will receive a consumer surplus;every point on the market demand curve maximizes consumer surplus
• C)to purchase goods and services made with the newest technology;the market demand curve traces out the same path as the marginal revenue curve
• D)to allocate their budgets to get the most value possible out of them;we derive a consumer's demand curve by finding how the best budget allocation changes as the price of a good changes
• E)to allocate their budgets to get the most value possible out of them;they only purchase goods and services that they can afford

Understand the definition and use of exit price in fair value measurement.

Comprehend how liabilities are measured and assumptions involved.

Grasp the concept of fair value based on highest and best use.

Recognize the valuation techniques prescribed by AASB 13.

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