Christine Has Purchased Five Bananas and Is Considering the Purchase

question 103

Multiple Choice

Christine has purchased five bananas and is considering the purchase of a sixth.It is likely she will purchase the sixth banana if

• A)the marginal value she gets from the sixth banana is lower than its price.
• B)the marginal benefit of the sixth banana exceeds its price.
• C)the average value of the sixth bananas exceeds the price.
• D)the total personal value of six bananas exceeds the total expenditure to purchase six bananas.

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Definitions:

Social Relation

The interactions between individuals or groups, including their connections and the social fabric that creates society.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Formal Authority

Describes the power given to an individual or position by the organization to make decisions, command resources, and exact obedience.

Internalized Values

Beliefs or standards that individuals adopt as their own guiding principles, influencing their behavior and decision-making.