Which of the Following Is the Correct Action for a Firm

question 4

Multiple Choice

Which of the following is the correct action for a firm to take that wants to reduce demand and has insufficient capacity?

• A)Take no action.
• B)Consider override for most desirable segments.
• C)Consider priority systems for most desirable segments.
• D)Increase prices or encourage use in other time slots.
• E)Lower prices selectively.

Calculate total utility from given data.

Derive marginal utility from changes in total utility.

Understand and calculate consumer surplus.

Recognize the role of price in consumer demand and surplus.

---

Definitions:

Linguistic

Pertains to language, including its structure, use, and the study of how words and sentences convey meaning.

Musical

Pertaining to music, involving the art or science of combining vocal or instrumental sounds to create harmony, rhythm, or expression.

Cerebral Cortex

The outer layer of the brain's cerebrum, responsible for complex functions such as thought, perception, and memory.

Limbic System

A complex system of nerves and networks in the brain, involved in emotions and drives.