In General, Consumers' Valuation of Additional Units of Quality as More

question 92

Multiple Choice

In general, consumers' valuation of additional units of quality as more units of quality are included in the product, causing the marginal revenue curve from quality improvement to be sloping.

• A)falls; upward
• B)increases; downward
• C)falls; downward
• D)increases; upward

---

Definitions:

Social Class

can also be described as a hierarchical ranking within a society where individuals or groups are classified based on wealth, occupation, education, or other social indicators.

Occupation

A person's regular work or profession; an activity to which one devotes time or a role played in a societal and economic context.

Untouchables

A marginalized group in traditional Hindu society, regarded as outside the caste system and subjected to extensive discrimination and social exclusion.

Indian Society

A diverse social structure in India characterized by a multitude of religious, linguistic, and cultural practices, influenced by a long history of social hierarchy and regional differentiation.