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Seminars and Workshops Designed to Teach People How to Become

question 5

Multiple Choice

Seminars and workshops designed to teach people how to become effective leaders is would be considered to be a waste of valuable time by which of the following groups?


Definitions:

Total Utility

Total utility is the total satisfaction or benefit that a consumer derives from consuming a specific quantity of a good or service.

Indifference Curves

A graphical representation that shows a combination of two goods or services that gives a consumer equal satisfaction and utility.

Intersect

The point at which two or more lines or paths cross each other.

Substitution Effect

The change in consumption of goods that occurs when a price change for one good makes another good more or less attractive as a substitute.

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