Which One of the Following Is Not an Assumption of Marginal

question 48

Multiple Choice

Which one of the following is not an assumption of marginal utility theory?

• A)People derive utility from their consumption.
• B)More consumption yields more total utility.
• C)Utility can be measured.
• D)Marginal utility diminishes with more consumption.
• E)Consumers maximize total utility.

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Definitions:

Phonemically

Relating to phonemes, the smallest units of sound that can distinguish meaning in a language.

Semantically

Pertaining to the meanings or interpretations of words and sentences.

Structurally

Pertaining to the arrangement or organization of parts within a whole, often used in reference to physical, social, or abstract constructs.

Elaboration

The process of adding more detail to a message, making it more complex and often more persuasive.