Diminishing Marginal Utility Means That

question 2

Multiple Choice

Diminishing marginal utility means that

• A)Ralph will enjoy his second hamburger less than the first one.
• B)the utility from one hamburger is greater than the utility from two hamburgers.
• C)the price of two hamburgers is less than twice the price of one.
• D)the utility from eating two hamburgers will be more than twice the utility from eating the first one.
• E)hamburgers seem smaller as you eat more of them.

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Definitions:

Skeptical Audience

A group of individuals who are inclined to question or doubt the information presented to them.

Knowledge-Management System

A technology-based system designed to capture, organize, and disseminate knowledge within an organization.

Centralized Database

A database located, stored, and maintained in a single location, accessible by users from different locations through a network.

Journalistic Approach

Verifying the completeness of a message by making sure it answers the who, what, when, where, why, and how questions.