According to the Principle of Rational Choice, If There Is

question 123

Multiple Choice

According to the principle of rational choice, if there is diminishing marginal utility:

• A) and the price received for supplying a good goes up, you supply less of that good.
• B) and the price received for supplying a good goes up, you supply more of that good.
• C) the decision producers face about how much to supply is not affected.
• D) after a certain point, even if the price goes up, you don't supply more of that good.

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Definitions:

Social Worker

An expert committed to assisting people, families, and societal groups in managing difficulties and enhancing their life quality.

Cardinal Values

Fundamental values or principles that are considered centrally important in one's life or in a specific context, guiding decisions and actions.

Integrity

The quality of being honest, having strong moral principles, and consistency in actions and values.

Self-determination

The process by which a person controls their own life, making choices and decisions based on their own preferences and interests.