denotes satisfaction. A subjective pleasure that an individual can derive from consuming a good or service.

HECON QUIZ

Quiz
•
Other
•
University
•
Medium
Jasmine Guillema
Used 1+ times
FREE Resource
100 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Choice
Utility
Income
Economic theory
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Each successive incremental improvement in health generates less and less additions to total utility
law of increasing marginal utility
indifferent curve
law of diminishing marginal utility
budget constraints
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Factors to consider in decision making:
taste and preference
taste and preferences, income
none
income and preferences
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
- a property of preference that implies a bundle of goods can be ranked as preferred, indifferent or less preferred to one another
transitivity
rational preferences
non satiation
completeness
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
- this can be explained by the foregoing assumption.
transitivity
rational preferences
non satiation
completeness
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
- more or better property of preferences
transitivity
rational preferences
non satiation
completeness
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Quantification of satisfaction
cardinal utility theory
ordinal utility theory
cardinal ranking of preferences
ordinal ranking of preferences
Answer explanation
Create a free account and access millions of resources
Similar Resources on Quizizz
100 questions
Engineering Economy Quiz

Quiz
•
University
101 questions
Steam Power Systems Quiz

Quiz
•
University
96 questions
FIN 2302: Bond notes, security business, and time value

Quiz
•
University
100 questions
Personal Finance Final Exam

Quiz
•
12th Grade - University
100 questions
TCQT PART 2

Quiz
•
University
100 questions
PSY230 Final Exam Review

Quiz
•
University
100 questions
Orenda E-Sports CSGO Callouts

Quiz
•
KG - Professional Dev...
96 questions
KTQT

Quiz
•
University
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade