The 20^th Century,railroads May Have Let Other Forms of Transportation

question 42

Multiple Choice

the 20^th century,railroads may have let other forms of transportation take business away from them because their definition included only the railroad business,rather than a broader definition that encompassed __________.

• A) transportation
• B) transcontinental shipping
• C) passenger travel
• D) product delivery
• E) air cargo

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Definitions:

Marginal Utility

Marginal utility is the additional satisfaction or benefit (utility) a consumer derives from purchasing one more unit of a good or service.

Difference

A term that refers to the disparity or distinction between two or more elements, items, or phenomena.

Marginal Utility

Additional gratification or utility that comes from consuming one more unit of a product or service.

Consumer Behavior

The study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences.