If at the Current Level of Product- Specific Service, Consumers

question 149

Multiple Choice

If at the current level of product- specific service, consumers' value at $15 and the cost of retailers to provide the services is $10, which of the following is true?

• A)the profit- maximizing level of profit- maximizing services is exactly one- half of the current level
• B)the profit- maximizing amount of product- specific services is being offered.
• C)the profit- maximizing level of profit- maximizing services is less than the current level
• D)the profit- maximizing level of profit- maximizing services is greater than the current level

---

Definitions:

Olfactory Receptors

Specialized nerve cells in the nose involved in detecting and identifying different odors.

Sensorineural Hearing Loss

A type of hearing loss resulting from damage to the inner ear or the nerve pathways from the ear to the brain.

Cochlea

A spiral-shaped, fluid-filled inner ear structure responsible for converting sound waves into electrical signals the brain can understand.

Eardrum

A delicate film that divides the external ear from the inner ear and oscillates as a reaction to audio vibrations.