Based on the Material Presented in the Chapter, Can We

question 144

Multiple Choice

Based on the material presented in the chapter, can we conclude that people will consume goods until the marginal utility of each good is zero?

• A) Yes, because at that point total utility is maximum.
• B) Yes, because at that point marginal utility is minimum.
• C) No, because consumption is determined by total utility.
• D) No, because consumption is determined by the marginal utility/price ratio.

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Definitions:

Team Cohesion

The extent to which members of a team are united in pursuing common goals and how attracted they are to the team and its activities.

Antecedents

Events or conditions that precede and influence behavior, actions, or outcomes.

Team Unity

The sense of solidarity or cohesiveness among members of a team, often leading to better performance and cooperation.

Team Confidence

The collective belief of a team in their abilities to achieve their goals and perform successfully.