Consumers Spend Their Incomes to Get the Maximum Benefit or Satisfaction

question 218

Multiple Choice

Consumers spend their incomes to get the maximum benefit or satisfaction from the goods and services they purchase.This is a reflection of:

• A)resource scarcity and the necessity of choice.
• B)purposeful behaviour.
• C)marginal costs which exceed marginal benefits.
• D)the tradeoff problem which exists between competing goals.

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Definitions:

Ethnic Groups

Categories of people who identify with each other based on common ancestral, social, cultural, or national experiences.

Value Judgments

Assessments or opinions formed about the worth, beauty, or morality of something, often based on personal beliefs.

Personal Space

The physical space immediately surrounding someone, into which encroachment can feel uncomfortable or threatening.

Personal Conversation

A private discussion between individuals about topics of personal interest or concern, often involving sharing of confidential information.