Utility Theory Assumes That Marginal Utility

question 219

Multiple Choice

Utility theory assumes that marginal utility:

• A) increases as an individual consumes more of a product.
• B) decreases as an individual consumes more of a product.
• C) is zero as long as the individual derives utility from the product.
• D) is constant as long as the individual derives utility from the product.
• E) is constant as long as the individual derives satisfaction from the product.

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Definitions:

Oblique Fracture

A type of bone fracture where the break is at an angle to the bone's long axis.

Nipper Pliers

A hand tool used for cutting, gripping, or twisting materials, especially useful in nail care and electric work.

Transverse

Lying across; the segment of large intestine that lies across the abdomen; a line drawn horizontally across the body or a structure.

Fracture

The sudden breaking of a bone.