The Law of Diminishing Marginal Utility Is in Effect When

question 173

Multiple Choice

The law of diminishing marginal utility is in effect when marginal utility is

• A) positive and increasing.
• B) positive and decreasing.
• C) initially zero and then increasing.
• D) initially zero and then decreasing.

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Definitions:

Authority-Oriented

Characterized by a focus on following orders, respecting hierarchy, and valuing leadership and structure in decision-making contexts.

Individual-Oriented

Focused on or aimed at the needs, well-being, or interests of a single person rather than those of a group or community.

Family-Centered

An approach in healthcare and services which emphasizes the importance of considering and involving the family's perspective and needs.

Individualistic

Characterized by independence and self-reliance, prioritizing personal goals over the goals of a group or society.