The Additional Satisfaction Received by a Consumer as a Result

question 31

Multiple Choice

The additional satisfaction received by a consumer as a result of undertaking an action is:

• A)the opportunity cost.
• B)the marginal cost.
• C)the marginal benefit.
• D)the total benefit.
• E)the average benefit.

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Definitions:

Financial Resources

Monetary assets available to a company or individual for use in the production of further assets or to cover expenses.

Firms

Businesses or companies engaged in commercial, industrial, or professional activities, aiming to generate profits.

Tangible Capital

Physical assets owned by a person or company that are used in the production or supply of goods and services.

Intangible Capital

Nonmaterial things that contribute to the output of future goods and services.