Diminishing Marginal Utility Means That

question 2

Multiple Choice

Diminishing marginal utility means that

• A)Ralph will enjoy his second hamburger less than the first one.
• B)the utility from one hamburger is greater than the utility from two hamburgers.
• C)the price of two hamburgers is less than twice the price of one.
• D)the utility from eating two hamburgers will be more than twice the utility from eating the first one.
• E)hamburgers seem smaller as you eat more of them.

---

Definitions:

Transition From School

The period of adjustment and adaptation from the educational environment to the professional or higher education settings.

Psychological Contracts

An unwritten agreement between an employee and their employer regarding mutual expectations of inputs and outcomes.

Personal Employment Agreements

Contracts between an employer and an employee detailing the terms of employment including duties, compensation, and conditions of work.

Holland's Theory

A theory that matches people's preferences for work environments and personality types to help them find suitable careers.