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According to Johnson, Which of the Following Is NOT an Element

question 6

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According to Johnson, which of the following is NOT an element of the cultural web?


Definitions:

Consumer Surplus

The variance between the total price consumers are inclined and financially capable of paying for a good or service and the amount they actually dispense.

Marginal Utility

The extra utility or satisfaction derived from using or consuming one additional unit of a good or service beyond what was previously consumed.

Total Utility

The total satisfaction received from consuming a particular amount of goods or services.

Marginal Utility

The additional satisfaction or benefit a consumer derives from consuming one more unit of a good or service.

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