When Jeff Asked Joanna How to Fix the Error Message

question 18

Multiple Choice

When Jeff asked Joanna how to fix the error message he keeps getting on his computer,Joanna wrote the step-by-step instructions down for Jeff so that he could take care of the problem relatively easily.The type of knowledge described in this situation is called:

• A)consensus-based knowledge.
• B)tacit knowledge.
• C)explicit knowledge.
• D)intuition knowledge.
• E)implicit knowledge.

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Definitions:

Normal Goods

Normal goods are those whose demand increases as consumer income increases, reflecting a direct relationship between income and the demand for these goods.

Indifference Curves

Graphical representations in economics showing different combinations of two goods that provide equal satisfaction and utility to a consumer.

Optimal Consumption

The allocation of resources and consumption of goods and services in a way that maximizes an individual's utility or satisfaction.

Loaves

Units or portions of bread, symbolizing basic food items in economic terms or transactions.