The New Yorker Ad

question 225

Multiple Choice

The New Yorker Ad
-new technologies are expected to have impact on marketing.These are

• A) biotechnology, SmartGrids, natural user interfaces, and social networks.
• B) neuron technology, lithium batteries, cloud computing, and wireless power.
• C) crowdsourcing, genomics, QR codes, and CRT TVs.
• D) books, video conferencing, solar cells, and quantum dots.
• E) nanotechnology, autobots, cloud computing, and wireless power.

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Definitions:

Utility-Maximizing

The economic principle that assumes individuals seek to achieve the highest level of satisfaction or utility from their consumption decisions.

Marginal Utility

The added pleasure or benefit received from consuming an additional unit of a good or service.

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, and other forms of income.

Satisfaction Maximization

The process of optimizing decisions or actions to achieve the highest level of satisfaction or utility.