After Watching a Movie, Alan Chooses to Go for a Walk

question 38

Multiple Choice

After watching a movie, Alan chooses to go for a walk rather than watch a second movie. Economists would explain his choice using the concept of:

• A)budget constraints.
• B)diminishing marginal utility.
• C)income effect.
• D)substitution effect.

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Definitions:

Reasonable Steps

Reasonable steps are measured and practical actions taken to achieve a particular goal or to comply with legal and regulatory standards.

Event

An organized occurrence, gathering, or activity designed for a specific purpose or objective.

Organizational Level

Organizational level refers to a specific layer within the hierarchy of an organization, each with its own responsibilities and functions.

Safety Climate

The shared perceptions and attitudes within an organization regarding the importance and practices of workplace safety.