Utility Is

question 110

Multiple Choice

Utility is

• A)the value of a good.
• B)the additional satisfaction received from consuming another unit of a good.
• C)the benefit or satisfaction from consuming goods and services.
• D)the practical usefulness of a good.
• E)equal to the price of a good.

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Definitions:

Personal Fable

An exaggerated sense of personal uniqueness and indestructibility, which may be the basis for adolescent risk taking.

Autonomy

The capacity to make an informed, uncoerced decision independently, often used in the context of moral, ethical, or self-governing practices.

Period of Rebellion

A phase, often in adolescence, characterized by increased resistance against authority and societal norms as a way of seeking individual identity.

Personal Fable

A belief held by adolescents that they are unique and invulnerable, often leading to risk-taking behaviors.