Which of the Following Is Likely to Occur as the Result

question 184

Multiple Choice

Which of the following is likely to occur as the result of the law of diminishing marginal utility?

• A)Petra's utility from her second apple was less than her satisfaction from her first orange.
• B)Hudson enjoyed his second slice of pizza more than his first.
• C)Sabine's utility from her first granola bar is greater than Rachel's utility from her second granola bar.
• D)Wesley enjoyed his second bottle of iced tea less than his first bottle, other things constant.

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Definitions:

Direct Materials

Direct materials refer to raw materials that are directly used in the production of goods, readily traceable to the finished product.

Variable Utilities

A classification of utility costs that change in relation to production volume or operational activity.

Human Behavior

The study of how individuals act within societies, influenced by factors such as emotions, culture, and environment.

Budgetary Slack

The practice of underestimating revenues or overestimating costs when preparing a budget to create a buffer.