THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 150

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In a recent marketing experiment,consumers were given one of four different types of dishwashing detergent and asked to use it for a month.At the end of that time they were asked to rate the detergent in terms of overall quality.The results are presented below.

-What percentage of the consumers rated their detergent average or better?

• A)23.6%
• B)40.1%
• C)81.1%
• D)17.5%

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Definitions:

Diminishing

A principle often seen where there is a decrease in the marginal (incremental) output of a production process as the amount of a single factor of production increases while others remain constant.

Donut

A fried dough confectionery or dessert food, usually sweet, and often served with a variety of toppings or fillings.

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.

Day

A unit of time equal to 24 hours, representing one complete rotation of the Earth on its axis.