quiz 3 applied

Describes how consumers make decisions on what to buy.

Refers to the use of goods to satisfy human wwants directly.

Mathematical Relationships that map the preferences to the amount of utility gained from that preference.

The other term for satisfaction.

These are subject in. Measurement: they can eexpressed in numerical values.

What do you call to the person who buys the product business offers for sale.

Topmost priority of a business

The agency of the government that is responsible in collecting tax.

The tax imposed to employees

The analysis of the input-output relationship