___________ Is a Survey-Based Approach Which Aims to Place a Monetary

question 21

Multiple Choice

___________ is a survey-based approach which aims to place a monetary value on a good through getting respondents to state a preference and a willingness to pay.

• A) Contingent valuation method
• B) Conjoint analysis
• C) Marketing methodology
• D) Value derived method

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Definitions:

Product

The result obtained by multiplying two or more quantities together.

Greatest Common Factor

The largest integer that divides two or more integers without a remainder.

Expressions

Mathematical phrases that can contain numbers, variables, and operation symbols but do not include an equality sign.

Polynomial

An algebraic expression made up of terms, each consisting of a variable raised to a non-negative integer power, combined using addition or subtraction.