Which of the Following Goals of Science Is Most Important

question 8

Multiple Choice

Which of the following goals of science is most important for changing behaviour?

• A) Description
• B) Prediction
• C) Determination of cause
• D) Explanation

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Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers from participating in the market.

Utility

Utility refers to the total satisfaction received from consuming a good or service.

Diminishing Utility

The principle that as consumption of a good or service increases, the marginal utility derived from each additional unit decreases.

Marginal Utility

The additional satisfaction or benefit obtained from consuming one more unit of a good or service.