
Chapter 4.1 Quiz
Quiz
•
Other, Social Studies
•
12th Grade - University
•
Practice Problem
•
Medium
Renz Hector
Used 1+ times
FREE Resource
Enhance your content in a minute
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the study of how people decide to spend their money based on their individual preferences and budget constraints.
consumer theory
supplier theory
Investor theory
consumer sovereignty
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are NOT the KEY TAKEAWAYS of Consumer Theory?
Consumer theory is the study of how people decide to spend their money based on their individual preferences and budget constraints.
Building a better understanding of individuals' tastes and incomes is important because these factors impact the shape of the overall economy.
Consumer theory is not flawless, though, as it based on a number of assumptions about human behavior.
Use different financial instruments to earn a rate of return to accomplish financial goals and objectives.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is an individual who are said to make calculated decisions when shopping, purchasing products that bring them the greatest benefit, otherwise known as maximum utility in economic terms.
nonsatiation
decreased marginal utility
increased marginal utility
utility maximization
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Decreasing marginal utility is the consumers lose satisfaction in a product the more they consume it
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the power to satisfy but is a subjective notion and a specific product will vary from one person to another.
Utility
Needs
Preferences
Wants
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the extra utility that a consumer derives from an additional unit of a good or service.
marginal utility
increased utility
total utility
decrease utility
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is usually defined as a quantifiable summation of satisfaction or happiness obtained from consuming multiple units of a particular good or services.
marginal utility
increased utility
total utility
decrease utility
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
20 questions
theory of demand
Quiz
•
12th Grade - University
20 questions
U.S. Govt Ch 2 Review
Quiz
•
12th Grade
20 questions
UAS Dinamika Kelompok
Quiz
•
University
20 questions
Food Production System
Quiz
•
University
20 questions
THMM 2
Quiz
•
University
20 questions
Malaysian Cultural Trivia Challenge
Quiz
•
University
20 questions
Elements of Drama
Quiz
•
12th Grade
20 questions
KUIS SISTEM PENGOLAHAN KD 3.7
Quiz
•
12th Grade
Popular Resources on Wayground
8 questions
2 Step Word Problems
Quiz
•
KG - University
20 questions
Comparing Fractions
Quiz
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
10 questions
Latin Bases claus(clois,clos, clud, clus) and ped
Quiz
•
6th - 8th Grade
22 questions
fractions
Quiz
•
3rd Grade
7 questions
The Story of Books
Quiz
•
6th - 8th Grade
Discover more resources for Other
11 questions
Renaissance SSWH 9a, b, c
Lesson
•
9th - 12th Grade
41 questions
US Government Unit 1
Quiz
•
9th - 12th Grade
28 questions
Govt. Unit 1 Exam Review
Quiz
•
12th Grade
60 questions
Unit 1 Foundations of Economics
Quiz
•
9th - 12th Grade
14 questions
Manifest Destiny to Texas Annexation 22-23
Quiz
•
9th - 12th Grade
73 questions
AP Psychology - Developmental Psychology
Quiz
•
10th - 12th Grade
18 questions
Early Unions to Jackson
Quiz
•
9th - 12th Grade
18 questions
Standard 2 up to Henry Clay & Andrew Jackson #1
Quiz
•
9th - 12th Grade
