In the Theory of Consumer Choice, When a Person Is

question 22

Multiple Choice

In the theory of consumer choice, when a person is choosing which good or service to consume, how does he or she select the units of good or service to consume?

• A) ​The person selects the good or service based on need.
• B) ​The person selects the units of a good or service that generates the greatest marginal utility. This process continues until there budget is spent.
• C) ​The person selects the units of a good or service that generates the greatest marginal utility per dollar spent. This process continues until the person's budget is spent.
• D) ​The person randomly selects what they buy until the budget is spent. ​

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Definitions:

Keystone Species

A species on which other species in an ecosystem largely depend, such that if it were removed the ecosystem would change drastically.

Symbionts

The partners in a symbiotic relationship.

Secondary Succession

Secondary succession is the ecological process of change and development in an area where an ecosystem has been previously established but has then been disrupted.

Tropical Communities

Tropical communities refer to the ecosystems found in the equatorial regions characterized by high biodiversity, warm temperatures, and significant annual rainfall.