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
TFTFD 3155 2ND TERM EXAM

Quiz
•
University
100 questions
AZ-900_Azure_Architecture_and_Services_MCQs P2

Quiz
•
University
100 questions
2024-25-1S-1CT106-BLISG3-SF EXAM

Quiz
•
University
95 questions
Event Management Quiz

Quiz
•
University
100 questions
Module IV - Marketing Management

Quiz
•
University
97 questions
Exam

Quiz
•
University
96 questions
Trắc Nghiệm Học Phần 2

Quiz
•
1st Grade - University
100 questions
LIBF Unit 3

Quiz
•
12th Grade - University
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade