The Principle of Diminishing Marginal Utility Implies That the

question 288

Multiple Choice

The principle of diminishing marginal utility implies that the

• A) marginal utility of a product is negative.
• B) total utility from a product is also diminishing as more units are consumed.
• C) rate of change of total utility is diminishing as more units are consumed.
• D) rate of change of marginal utility is very low as more units are consumed.

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Definitions:

Wavelengths

The distance between successive peaks of a wave, especially points in a sound wave or electromagnetic wave.

Trichromatic Theory

The idea that three types of cone receptor cells in the retina are responsible for color perception. Each type responds optimally to different, but overlapping, ranges of wavelengths.

L Cones

Photoreceptor cells in the retina that are sensitive to long wavelengths of light, contributing to color vision, particularly red colors.

M Cones

Photoreceptor cells in the retina specialized for medium-wavelength light, contributing to color vision and perception of green hues.