Consumer Behavior Quiz

<p>Because it ranks preferences without measuring the differences in satisfaction</p> Signup and view all the answers

<p>A set of goods or services a consumer considers purchasing</p> Signup and view all the answers

<p>A measure of how satisfied a consumer is</p> Signup and view all the answers

<p>A mathematical function describing the relationship between consumption and well-being</p> Signup and view all the answers

<p>The additional satisfaction gained from consuming one more unit of a good or service</p> Signup and view all the answers

<p>Because it only ranks preferences and does not measure the magnitude of differences</p> Signup and view all the answers

<p>A set of goods or services a consumer considers purchasing</p> Signup and view all the answers