Why Is Evolution an Important Process for Living Things

question 35

Multiple Choice

Why is evolution an important process for living things?

• A) It gives them more traits.
• B) It gives them the perfect traits.
• C) It gives them fewer traits.
• D) It gives them traits that better match their environment.
• E) It gives them only the right traits.

Define and give examples of postpurchase cognitive dissonance.

Distinguish between compensatory and non-compensatory decision rules.

Recognize the consequences of setting unrealistic consumer expectations.

Identify the types of social influence on consumer decisions.

---

Definitions:

Wage Rate

The amount of compensation paid to employees for a unit of work or time, often expressed as an hourly rate.

Marginal Revenue Product

The additional revenue generated by one more unit of input, such as labor or capital, in the production process.

Marginal Product

The increase in output that arises from an additional unit of input, holding all other inputs constant.

Profit-Maximizing Firm

A business entity's objective of adjusting production and sales to achieve the highest possible profit levels.