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Kevin Says "Banana" and His Dad Gives Him a Banana

question 150

Multiple Choice

Kevin says "banana" and his dad gives him a banana to eat. Kevin says "banana" again, and this time his dad takes the crushed banana away from him. Kevin is using ______to communicate his needs.


Definitions:

Consumption

The process by which goods and services are used up by consumers.

Indifference Curves

A graphical representation showing combinations of goods or services among which a consumer is indifferent, depicting equal levels of utility.

Utility Function

A mathematical representation that assigns a level of utility or satisfaction to combinations of goods and services consumed.

Utility Function

A mathematical representation that captures preferences over a set of goods and services by assigning a utility value to each possible bundle.

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