A Higher Price for a Good Implies That

question 271

Multiple Choice

A higher price for a good implies that

• A) the marginal utility of the good has declined.
• B) the total value of the good to the consumer has increased.
• C) the sacrifice of utility of another good has increased.
• D) the marginal utility of another good has decreased.

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Definitions:

Negativism

A tendency to be overly critical, pessimistic, or resistant to suggestions and positive changes, often leading to a counterproductive environment.

Cross-Functional Teams

Groups composed of members from different departments or areas of expertise, working together towards a common goal.

Organizational Conflict

The disagreement or discord that arises within an organization, typically due to differing interests, beliefs, or goals among its members.

Aggressive Mechanisms

Behavioral or psychological strategies employed by individuals or groups to assert dominance or control, often at the expense of others.