The Fact That Your Fourth Slice of Pizza Does Not

question 3

Multiple Choice

The fact that your fourth slice of pizza does not generate as much satisfaction as your third slice is an example of

• A)consumer surplus.
• B)diminishing total utility.
• C)diminishing marginal utility.
• D)the paradox of value.
• E)the law of demand.

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Definitions:

Hospital

A health care institution providing patient treatment with specialized medical and nursing staff and medical equipment.

Opposing Team

Refers to a group or team that is competing against another in a competitive event or situation.

Prosocial Behavior

Actions intended to benefit others, including helping, sharing, donating, cooperating, and volunteering.

Behavior

The actions or reactions of an individual or group in response to external or internal stimuli.