The Interpersonal Determinants of Consumer Behaviour Include All of the Following

question 5

Multiple Choice

The interpersonal determinants of consumer behaviour include all of the following except_____________________.

• A) cultural influences
• B) social influences
• C) family influences
• D) end-use influences

---

Definitions:

MRS (Marginal Rate Of Substitution)

The rate at which a consumer is willing to substitute one good for another while maintaining the same level of satisfaction.

MRT (Marginal Rate Of Transformation)

The rate at which goods or services can be transformed into other goods or services, reflecting the opportunity cost of shifting resources in production.

Marginal Rates

The additional or incremental tax rate applied to every additional dollar of income.

First Theorem

Likely refers to the First Fundamental Theorem of Welfare Economics, which states that competitive markets lead to an efficient allocation of resources under certain conditions.