If You Purchase One Pound of Apples the Price Is

question 67

Multiple Choice

If you purchase one pound of apples the price is $1.50 per pound.If you buy a five pound bag of apples,the cost is $5.00.This is most likely an example of

• A) quantity discounts.
• B) lower marginal cost.
• C) lower marginal benefit.
• D) price gouging.

---

Definitions:

20th Century

refers to the period from 1901 to 2000, noted for significant social, political, and technological changes worldwide.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow outlining a hierarchy of human needs, from basic physiological needs to self-actualization.

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Communication Process

The sequence of steps involved in the exchange of information, including the generation, sending, receiving, and interpreting of messages.