In the Theory of Consumer Choice, When a Person Is

question 22

Multiple Choice

In the theory of consumer choice, when a person is choosing which good or service to consume, how does he or she select the units of good or service to consume?

• A) ​The person selects the good or service based on need.
• B) ​The person selects the units of a good or service that generates the greatest marginal utility. This process continues until there budget is spent.
• C) ​The person selects the units of a good or service that generates the greatest marginal utility per dollar spent. This process continues until the person's budget is spent.
• D) ​The person randomly selects what they buy until the budget is spent. ​

---

Definitions:

Group Work

A method where individuals collaborate, utilizing their diverse skills and viewpoints, to achieve a common goal.

Domestic Violence

A pattern of behavior in any relationship that is used to gain or maintain power and control over an intimate partner.

Essential Elements

Fundamental components or ingredients necessary for a process or system to function effectively.

Single-subject Design

A research design that focuses on the responses of one participant to document the effect of a variable.