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Psychologists Traditionally Attempt to Understand or Explain Behavior in Terms

question 203

Multiple Choice

Psychologists traditionally attempt to understand or explain behavior in terms of each of the following EXCEPT ______.


Definitions:

Total Utility

The total satisfaction or benefit received by consuming a given total quantity of a good or service.

Marginal Utility

Marginal utility is the additional satisfaction a consumer gains from consuming one more unit of a good or service.

Diminishing Marginal Utility

Diminishing marginal utility is an economic principle stating that as a person consumes more of a good or service, the satisfaction (utility) gained from each additional unit decreases.

Satisfaction

The feeling of pleasure or contentment arising from meeting one's needs, desires, or expectations.

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