According to the Desire Satisfaction Theorist, If Something Does Not

question 15

Multiple Choice

According to the desire satisfaction theorist, if something does not contribute to the satisfaction of any of my desires

• A) it might benefit me, provided that it makes me happy.
• B) it might benefit me if it satisfies someone else's desires.
• C) it might benefit me if it increases my knowledge.
• D) it does not benefit me.

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Definitions:

Marginal Cost

The increase in cost resulting from the production of an extra good or service unit.

Total Cost

The sum of all costs associated with the production of a given quantity of output, including both fixed and variable costs.

Output Units

The individual items or quantities of a product that are produced by a company or an economic production process.

Total Variable Cost

The total of expenses that change in proportion to the activity of a business, such as materials and labor, in contrast to fixed costs.