The Goal of the Consumer Is to

question 111

Multiple Choice

The goal of the consumer is to

• A)maximize utility.
• B)be on the highest indifference curve.
• C)maximize satisfaction.
• D)All of the above are the goals of the consumer.

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Definitions:

Aptitude Test

A psychometric test that is designed to test a person’s ability to learn—that is, the person’s future performance.

Logical Thinking

The methodical process of reasoning to reach a conclusion based on sound deduction or understanding.

Aptitude Test

An examination designed to measure an individual's ability or potential in a specific skill or field of knowledge.

Achievement Test

A standardized test designed to measure an individual's level of skill or knowledge in a particular area.