Which of the Following Statements Is True Because of the Law

question 99

Multiple Choice

Which of the following statements is true because of the law of diminishing marginal utility?

• A) When a customer continues to eat more pie at the Pie Palace, each additional piece of pie gives a larger amount of marginal utility.
• B) When a customer continues to eat more pie at the Pie Palace, each additional piece of pie gives a smaller amount of marginal utility.
• C) The marginal utility of a piece of pie is maximum when the total utility of pie is zero.
• D) The total utility of pie is at a maximum while the marginal utility of pie is still increasing.

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Definitions:

Disgust

An intense feeling of aversion or revulsion typically elicited by something perceived as unpleasant or offensive.

Shame

A distressing emotion stemming from the awareness of having acted foolishly or wrongly, often leading to feelings of humiliation.

Anorexia Nervosa

A severe eating disorder characterized by an intense fear of gaining weight and a distorted body image, leading to excessive weight loss and potentially fatal health issues.

Percent

A measure or ratio expressed as a fraction of 100, used to describe the proportion or percentage of one thing relative to another.