Which of the Following Statements Is True

question 50

Multiple Choice

Which of the following statements is true?

• A) The way to increase the profitability of a firm is to create a greater number of products.
• B) The amount of value a firm creates is measured by the difference between its costs of production and the value that consumers perceive in its products.
• C) The more value customers place on a firm's products, the lower the price the firm is able to charge for those products.
• D) The price a firm charges for a good or service is typically more than the value the customer places on that good or service.

---

Definitions:

Rationalism

The belief that religion should be consistent with reason and evidence.

Existence Of God

The philosophical and theological inquiry into whether a deity or deities exist, often involving arguments and evidence from various disciplines.

Nonrational Parts

Aspects of the human psyche or behavior that are not governed by logic or reason, such as emotions or instincts.

Rational Part

The aspect of the human mind that is responsible for logic, reasoning, and analytical thinking.