Which of the Following Is NOT an Assumption of Marginal

question 123

Multiple Choice

Which 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) Marginal utility diminishes with more consumption.
• D) Utility can be measured and the units of utility are precisely defined.

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Definitions:

Flight Attendant

An airline employee responsible for ensuring the safety, comfort, and service to passengers aboard flights.

Bailment for Reward

A legal relationship that involves the temporary transfer of personal property to another for a specified fee or reward.

Grossly Negligent

Showing a severe lack of care or deliberation that results in blatant disregard for the safety or rights of others, often leading to extreme harm or risk.

Jeweller

A person or entity engaged in the business of selling and sometimes manufacturing jewelry.