Which of the Following Statements Is Correct

question 261

Multiple Choice

Which of the following statements is correct?

• A) Consumers have the ability to buy everything they desire.
• B) A consumer's budget line shows the limits to what a consumer can buy.
• C) A consumer's budget line shows the goods with the highest marginal utilities.
• D) Rich consumers are unaffected by prices.
• E) A budget line changes only if the person's budget changes.

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Definitions:

Profit-Sharing Programs

A company policy where employees receive a share of the firm's profits, typically as a portion of their compensation.

Reward Motivation

The drive to engage in activities that are expected to yield positive outcomes or rewards.

Timeliness

The quality of completing or delivering something within the expected or agreed time.

Durability

The capacity of a material or object to resist degradation, pressure, or harm.