A consumer's choices are directly influenced by all of the following except
Blank
______.

BlackTom题目解析

Question

A consumer's choices are directly influenced by all of the following except 
Blank
______.

BlackTom题目解析

BlackTom AI · Accepted Answer

The question asks which factor does not directly influence a consumer's choices.
Option 1: prices of goods. In consumer theory, the price of a good directly affects the quantity a consumer is willing to purchase; higher prices typically reduce quantity demanded, while lower prices increase it. This is a fundamental part of the budget constraint and demand face.
Option 2: income or budget. A consumer's income sets the overall resources available for purchasing goods and services. Higher income expands the budget line and can enable greater consumption, while lower income restricts choices. This directly shapes choices via the affordability of options.
Option 3: costs of production. This factor pertains to producers and the supply side of the market. While production costs can influence prices indirectly through supply shifts, they do not directly determine an individual consumer's selection among goods; the consumer is not making a decision based on how much it costs to produce the item.
Option 4: marginal utility. Marginal utility measures the additional satisfaction gained from consuming one more unit and drives decisions about how to allocate limited resources across goods. This is a core direct influence on consumer choice.
Option 5: consumer's preferences. Personal tastes, priorities, and preferences guide which goods a consumer considers and selects, making this a direct determinant of choices.
In sum, options 1, 2, 4, and 5 describe direct drivers of consumer behavior, whereas option 3 (costs of production) is primarily a cost characteristic of producers and affects consumers only indirectly through prices, not as a direct driver of the choice process.

A consumer's choices are directly influenced by all of the following except Blank ______. BlackTom题目解析

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