We Assume the Marginal Benefit of Consumption ________ as We

question 73

Multiple Choice

We assume the marginal benefit of consumption ________ as we consume fewer units of a good.

• A) remains constant
• B) increases
• C) decreases
• D) could either increase or decrease

Comprehend the principles of reliability and validity in social research.

Appreciate the advantages and challenges of using existing sources for sociological research.

Understand the ethical considerations and potential biases in sociological research.

Grasp the concept of the scientific method and its application in sociological research.

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Definitions:

Disposable Income

The net income available to households or individuals after accounting for taxes, which can be spent on consumption or savings.

Consumption

The use of goods and services by households, one of the primary components that determine the overall level of economic activity in an economy.

Billion

A numerical value represented as 1,000 million (1,000,000,000) in the short scale, commonly used in financial and demographic statistics.

MPS

The marginal propensity to save, which is the proportion of an additional unit of income that is saved rather than spent.