Marginal Utility

question 251

Multiple Choice

Marginal utility

• A) characterizes things of little use.
• B) is the additional utility derived from the last unit of a good consumed.
• C) is an implication of the law of demand.
• D) is always negative when total utility is positive and positive when total utility is negative.

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Definitions:

Behaviour

The actions or reactions of an individual or system in response to external or internal stimuli, ranging from physical movements to complex interactions.

Attitude

A settled way of thinking or feeling about something, which is often reflected in a person's behavior.

Job Satisfaction

The level of contentment employees feel towards their jobs, influenced by factors like work environment, compensation, and work-life balance.

Attitudes

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.