The Additional Satisfaction Derived from Consuming One More Unit of a Good

question 161

Multiple Choice

The additional satisfaction derived from consuming one more unit of a good or service is called

• A) diminishing marginal utility.
• B) the real-income effect.
• C) marginal utility.
• D) the substitution effect.
• E) the consumer optimum.

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Definitions:

Cognitive-Behavioral Theories

A group of theories that suggest that psychological problems are partly due to faulty or negative patterns of thinking and behavior.

Obsessive Compulsive Disorder

A mental disorder where people have uncontrollable, reoccurring thoughts (obsessions) and behaviors (compulsions) they feel the urge to repeat.

Behavioral Therapist

A mental health professional specializing in techniques to change maladaptive behaviors and promote positive behavior change.

Phobias

Irrational and overwhelming fears of objects or situations, leading to avoidance behavior.