The Benefit from a Good or Service That You Purchase

question 247

Multiple Choice

The benefit from a good or service that you purchase is measured by

• A) the dollar amount that is paid for the good or service.
• B) the dollar amount you can get by selling the good or service.
• C) what you are willing to give up to obtain the good or service.
• D) how strong the incentives were that lead to buying the good or service.
• E) None of the above answers is correct because there is no way to measure the benefit you receive from purchasing a good or service.

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Definitions:

Subsets

Portions of a larger set that contain some or all elements of the original set, obeying the principle that every set is a subset of itself.

DNA

Deoxyribonucleic acid, a self-replicating material which is present in nearly all living organisms as the carrier of genetic information.

Mutations

Alterations in DNA sequences that can lead to changes in the structure and function of proteins produced by genes.

Somatic Cells

Cells of an organism that make up the body's tissues and organs, excluding germ cells.