Having Completed a Personal Finance Class,you Are Now Ready to Give

question 141

Multiple Choice

Having completed a personal finance class,you are now ready to give some advice to your free-spending friends.Which one is unwise?

• A)Reduce the credit card balance.
• B)Resolve any billing errors.
• C)Quit using credit cards altogether.
• D)Look for trouble signs in credit card spending.
• E)Control your spending through discipline.

---

Definitions:

Demand Function

A mathematical representation of the relationship between the quantity of a good consumers are willing and able to buy and the price of the good.

Revenue-maximizing Price

The optimal price point of a good or service that allows a company to generate the maximum possible revenue, considering factors like demand elasticity.

Football Tickets

Passes or vouchers that grant the holder access to attend football games.

Demand Function

A mathematical formula that specifies the quantity demanded of a good or service as a function of its price and possibly other variables.