Table 84 -Refer to Table 8

question 98

Multiple Choice

Table 8.4
$\begin{array}{cc}\begin{array}{c}\text { Quantity } \\\text { of Output }\end{array} & \text { Market Price (\$) } \\\hline 0 & 0 \\10 & 5 \\20 & 5 \\30 & 5 \\40 & 5 \\50 & 5\end{array}$
-Refer to Table 8.4,which shows the output supplied by a firm and its total revenue.When does marginal revenue start increasing?

• A)at a quantity of 10
• B)at a quantity of 20
• C)at a quantity of 30
• D)at a quantity of 40
• E)It stays constant at MR=P.

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Definitions:

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over another's due to satisfaction with the product and a good experience with the brand.

Conjunctive Rule

A decision rule used in consumer behavior that entails choosing items that meet all of a predetermined set of criteria.

Weighted Additive Rule

This rule is a decision-making strategy where alternatives are evaluated by multiplying each attribute's importance weight by its quantitative value, then summing these products to determine the best option.

Compensatory Rule

A decision rule used in consumer choice where the negative aspects of a product can be compensated by its positive aspects.