For Most Goods and Most People, Marginal Utility Probably

question 171

Multiple Choice

For most goods and most people, marginal utility probably

• A)continues to increase as larger quantities are purchased.
• B)plummets after the first few units but soon begins to rise.
• C)declines as consumption increases.
• D)is negative after the first unit of a good is purchased.
• E)is positive and rising for most goods.

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Definitions:

Virtue Ethics

An ethical theory that emphasizes the role of an individual's character and virtues in evaluating the morality of actions.

Action Guidance

Advice or instructions intended to direct or influence the decisions and actions of individuals or groups.

Justifications

Reasoning or arguments presented to show that actions or decisions were reasonable or necessary under the circumstances.

Roman Philosopher

A philosopher from ancient Rome who contributed to various fields of philosophy, including ethics, politics, metaphysics, and logic.