1)Regifting or regiving is the act of taking a gift that has been received and g
ID: 1240664 • Letter: 1
Question
1)Regifting or regiving is the act of taking a gift that has been received and giving it to somebody else, sometimes in the guise of a new gift. John says that regifting is unethical and improper. John's statement isA. positive
B. normative
C. negative
D. objective
2)Which of the following is true for you?
A. I would prefer to receive cash rather than a gift.
B. I would prefer to receive a thoughtful gift than cash, but I would "regift" the item if I didn't like it and if I knew it would be anonymous.
C. I would prefer to receive a thoughtful gift than cash, and I would never "regift".
D. I would prefer to receive a thoughtful gift than cash, but I would "regift" the item if I didn't like it even if I knew it would not be anonymous.
3) A consumer with limited income gets the most satisfaction when
A. the marginal utilities per dollar of all items purchased are equal.
B. the marginal utilities of all items purchased are equal.
C. the marginal utility of each item purchased is maximized.
D. the marginal utilities of all items purchased are zero.
4)If a consumer has UNLIMITED INCOME, he or she will get the most satisfaction by purchasing commodities in quantities such that
A. their marginal utilities per dollar are all equal.
B. their marginal utilities are all zero.
C. their marginal utilities are all equal.
D. their marginal utilities are all maximized.
Explanation / Answer
A. positive I would prefer to receive a thoughtful gift than cash, but I would "regift" the item if I didn't like it and if I knew it would be anonymous. B. the marginal utilities of all items purchased are equal. D. their marginal utilities are all maximized.
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