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If a Rat Has Learned to Press a Lever to Obtain

question 29

Multiple Choice

If a rat has learned to press a lever to obtain pellets of food and,all of a sudden,the response permanently ceases to produce any food,then _______ will occur.


Definitions:

Optimal Consumption

The mix of goods and services purchased that maximizes the utility or satisfaction of a consumer given their budget constraint.

Marginal Utility

The additional pleasure a consumer experiences from acquiring another unit of a product or service.

Marginal Utility Per Dollar

The additional utility gained from spending one more dollar on a good or service.

Diminishing Marginal Utility

The principle stating that as a person consumes more of a good or service, the satisfaction gained from each additional unit decreases.

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