______ Refers to Observable Differences in People, Including Race, Age

question 117

Multiple Choice

______ refers to observable differences in people, including race, age, ethnicity, physical abilities, physical characteristics, and gender.

• A) All-level diversity
• B) Surface-level diversity
• C) Deep-level diversity
• D) Ethnocentrism
• E) Cultural competence

---

Definitions:

Maximum Utility

The highest level of satisfaction or benefit that a consumer can obtain from the consumption of goods and services within the constraints of their income and prices.

Consumer Income

The total amount of money earned by individuals or households that can be used for saving, spending, or investing.

MU y/ Pᵧ

MU y/ Pᵧ represents the marginal utility of good "y" divided by its price, a concept in economics used to analyze consumer choice, indicating the additional satisfaction per unit of currency spent on that good.

Maximize Utility

The economic principle of selecting the option that yields the highest satisfaction or benefit.