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

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Definitions:

Leadership Effectiveness

The measure of a leader's success in influencing and guiding individuals or groups towards achieving their objectives.

Questionnaires

A research instrument consisting of a series of questions designed to gather information from respondents.

Trait Approach

A theory of leadership that suggests leaders possess certain inherent traits that predispose them to be leaders.

Attributes

Characteristics or qualities that are inherent or associated with someone or something.