Who Is Likely to Receive the Most Responses to His

question 116

Multiple Choice

Who is likely to receive the most responses to his personal ad?

• A)Mark,who emphasizes his physical attractiveness
• B)Bill,who emphasizes his income
• C)David,who emphasizes his kind and sensitive nature
• D)Tony,who emphasizes his athletic accomplishments

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Definitions:

Marginal Utility

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Utility-Maximizing Amounts

Quantities of goods and services consumers choose in order to reach the highest level of satisfaction.

Price of C

The price of "C" refers to the cost or price level of a specific good, service, or commodity denoted as "C."

Marginal Utility

Marginal utility refers to the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.