While Conducting a Study on the Amazonian Tribes, Susan Selects

question 33

Multiple Choice

While conducting a study on the Amazonian tribes, Susan selects a group of ten people from each tribe and studies their daily routines and habits.These small groups are referred to as the ________.

• A) population
• B) variable
• C) sample
• D) paradata

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Definitions:

Utility Maximization

An economic principle that suggests consumers aim to get the greatest satisfaction possible from their available resources.

Consumer's First

A philosophy or policy placing consumer interests and satisfaction at the forefront of business decision-making.

Marginal Utility-To-Price Ratio

The comparison of the additional satisfaction received from consuming one more unit of a good to the price of that unit, used to maximize utility.

Utility Maximization

The concept in economics that individuals or households will attempt to get the greatest satisfaction possible from their available resources.