If Price and Marginal Benefit Are Equal for an Individual

question 41

Multiple Choice

If price and marginal benefit are equal for an individual, and preferences and income do not change, the individual can be induced to buy more of a good only by

• A)decreasing marginal benefit.
• B)decreasing price.
• C)increasing marginal utility.
• D)decreasing marginal utility.
• E)increasing price.

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Definitions:

Labour-Intensive Firms

Companies that require a higher portion of labor input in their operations as compared to capital input, often leading to higher employment levels.

Employee Stability

The extent to which an organization retains its workforce, minimizing turnover and fostering a stable work environment.

Training And Development

Programs and activities aimed at improving the knowledge, skills, and competencies of employees to enhance their performance and career growth.

Hybrid

A combination of two or more different things, aimed at achieving a particular objective or enhancing functionality, such as hybrid vehicles or hybrid work models.