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:

Extraversion

A personality trait characterized by outgoingness, high energy, and engagement in social activities.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and fears.

Behavioural View

A perspective in psychology that focuses on observable behaviors and the ways in which they're learned through interaction with the environment.

Laboratory Experiments

Controlled tests conducted in a lab environment to explore scientific hypotheses or examine phenomena.