Which of the Following Is a Reason That Consumption Depends

question 35

Multiple Choice

Which of the following is a reason that consumption depends on current income,and not just on total wealth?

• A)banks will not always lend money to those who want to consume more than their income.
• B)the anticipation of future financial distress makes some people reluctant to borrow.
• C)low income people may prefer to postpone some consumption until later years,when their incomes are higher.
• D)all of the above
• E)none of the above

Grasp the distinction between traditional and modern views of existential import and its application in evaluating syllogisms.

Interpret the role of singular propositions and their effect on predicate distribution.

Identify the unstated premises or conclusions in given syllogisms and understand their relevance to argument validity.

Understand the role of term distribution in determining the validity of syllogisms.

---

Definitions:

Marginal Revenue

The extra financial gain from selling an additional unit of a product or service.

Profit

The profit earned when the revenue generated from a business operation surpasses all its associated expenses, costs, and taxes required for the operation.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single participant can significantly influence price or supply.

Marginal Cost

The change in total cost that arises when the quantity produced is incremented by one unit.