Which of the Following Occurs When Companies Bill Consumers for Optional

question 44

Multiple Choice

Which of the following occurs when companies bill consumers for optional services that the consumers did not order?

• A) Slamming
• B) Cramming
• C) Stuffing
• D) Fraudulent adding
• E) Fraudulent transfer

Apply the concept of marginal utility of income to understand risk aversion.

Evaluate investment decisions based on risk preferences and expected outcomes.

Understand the relationship between utility functions and risk preferences.

Understand the unique characteristics of synovial joints compared to fibrous and cartilaginous joints.

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Definitions:

Robinson Crusoe

Used in economics as a metaphor for the study of decision making by individuals in solitude.

Sacrificed

Sacrificed refers to giving up something valued for the sake of other considerations or needs, often in the context of making difficult decisions.

Opportunity Cost

The value of the next best alternative that is foregone as a result of making a decision.

Technological Advance

The progression or improvement in technology, leading to enhanced productivity, efficiency, or quality in goods and services.