Demetri Enjoys Going to Work

question 59

Multiple Choice

Demetri enjoys going to work. His work is challenging, and he feels he is using his capabilities and building his skills. Demetri's feelings can be categorized as the need for ______.

• A) competence
• B) power
• C) self-determination
• D) affiliation

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Definitions:

Optimal Bundle

The combination of goods and services that maximizes an individual's utility given their budget constraint.

Original Prices

The initial cost or value of goods and services before any discounts, markdowns, or adjustments.

Utility Function

A mathematical representation in economics that reflects consumer preferences, assigning a value to each possible bundle of goods.

Price Increase

A rise in the cost of goods or services in an economy, often measured by indices such as the Consumer Price Index (CPI).