In What Area Does General Motors Earn Its Highest Return

question 69

Multiple Choice

In what area does General Motors earn its highest return on capital?

• A) selling cars
• B) selling logo merchandise
• C) financing
• D) selling racing engines
• E) post-sales parts and service

Describe the relationship between the marginal rate of substitution and movements along an indifference curve.

Recognize the significance of the slope of a budget line in consumer choice.

Distinguish between total utility and marginal utility and their respective roles in consumer decision-making.

Explain the law of diminishing marginal utility and its connection to the demand curve.

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Definitions:

Adjusted

Altered or modified to fit certain conditions or requirements.

Least Functional

Describes the component, system, or person that performs the lowest in terms of functionality or effectiveness.

Vision

The ability to see; the faculty by which the mind receives information about the environment through the light that enters the eye.

20/200

A measure of visual acuity denoting that what the average person can see from 200 feet away, a person with this level of acuity can only see from 20 feet away.