-According to the Diagram in the Above Figure, What Is

question 185

Multiple Choice

-According to the diagram in the above figure, what is the marginal benefit of consuming the 3 millionth gallon of gasoline per month?

• A) 1 pound of shrimp per gallon of gasoline
• B) 3 pounds of shrimp per gallon of gasoline
• C) 5 pounds of shrimp per gallon of gasoline
• D) 2 pounds of shrimp per gallon of gasoline

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Definitions:

Product Adopters

Individuals who purchase or use a new product early in its life cycle, typically categorized by their willingness to adopt innovations.

Diffusion of Innovation

A theory that describes how, why, and at what rate new ideas and technology spread through cultures, from inception to widespread adoption.

Product Line

A group of related products marketed under a single brand name that serves a particular market segment or fulfills a specific customer need.

Product Class

A category that groups products based on their function, consumer perceptions, or attributes, such as electronics or household goods.