Which of the Following Is a Central Claim of the Desire

question 7

Multiple Choice

Which of the following is a central claim of the desire satisfaction theory?

• A) The satisfaction of a desire always directly contributes to one's welfare.
• B) The satisfaction of desires is the only thing that directly contributes to one's welfare.
• C) The only reason for which anything can directly contribute to one's welfare is because it satisfies a desire.
• D) All of the above

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Definitions:

Variable Costs

Expenses that vary directly with the amount of production output of a company.

Purely Competitive Industry

Characterized by many firms selling identical products, where no single firm can influence the market price, ensuring competition based on price.

Short-Run Costs

Costs that vary with the level of output in the short term, where some inputs are fixed.

Fertilizer

A substance, either chemical or organic, introduced to soil or land to improve its fertility and boost the growth of plants.