Match the Following: -Self-Interest

question 83

Multiple Choice

Match the following:
-Self-Interest

• A)Arousal and activation of goal-directed behavior.
• B)Work conditions related to dissatisfaction caused by discomfort or pain.
• C)Factors and conditions outside the person that may explain and predict a person's behavior.
• D)What is most appropriate and beneficial to the individual.
• E)Attributes and characteristics inside the individual that determine behavior.

---

Definitions:

Consumer Surplus

The discrepancy between what consumers are prepared and able to spend on a product or service and the actual amount they end up paying.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual price they receive, serving as an indicator of producer welfare.

Direct Price Discrimination

A pricing strategy where a business charges different prices to different customers for the same product or service, based on willingness to pay.

Arbitrage

A means to defeat a price discrimination scheme; it occurs when low-value individuals are able to resell their lower-priced goods to the higher-value group.