Examlex

Solved

Long After Being Bitten by a Stray Dog, Alonzo Found

question 18

Multiple Choice

Long after being bitten by a stray dog, Alonzo found that his fear of dogs seemed to have disappeared. To his surprise, however, when he was recently confronted by a stray dog, he experienced a sudden twinge of anxiety. This sudden anxiety best illustrates


Definitions:

Marginal Utility

Marginal Utility is the change in satisfaction or utility that a consumer receives from consuming one additional unit of a good or service.

Fifth Serving

A term that does not have a widely recognized definition within a general context, possibly referencing an additional or excess portion in specific contexts. NO.

Units

The basic measure or quantity of a product or service that is counted or traded in the market.

Diminishing Marginal Utility

Diminishing Marginal Utility is the principle stating that as a person increases consumption of a product, there is a decline in the marginal utility that person derives from consuming each additional unit of that product.

Related Questions