The term self-interest, as viewed by economists, means that: a. ...

[Engineer]

The term self-interest, as viewed by economists, means that:
 a. consumers never pay more for a good simply because it carries a certain designer label.
  b. only economists are capable of making choices according to rational self-interest.
  c. people never act in their self-interest until they have perfect information.
  d. consumers always seek the least expensive option when making a purchase, regardless of individual preferences.
  e. people make choices that, given the information available, gives them the greatest amount of satisfaction.

Question 2

The amount of additional satisfaction derived from an additional unit of a good or service is called:
 a. total utility.
 b. marginal cost.
 c. total cost.
 d. marginal utility.

[duy1981999]

Answer to Question 1

e

Answer to Question 2

d

[Engineer]

TYSM

[fatboyy09]

Excellent