Marginal Utility Is

question 41

Multiple Choice

Marginal utility is

• A) the utility received from consuming one unit of a good.
• B) the change in total utility due to a one-unit change in the quantity of a good consumed.
• C) the total utility received from consuming a certain quantity of a good divided by the quantity.
• D) the utility received by the last consumer of a good.

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Definitions:

Attribution Theory

The view that people are motivated to discover the underlying causes of behavior as part of their effort to make sense of the behavior.

Self-Fulfilling Prophecy

A belief or expectation that influences behavior in a way that causes the belief to become true.

Stereotypes

Oversimplified generalized beliefs about a group of people that often do not accurately reflect reality, influencing attitudes and behaviors towards members of that group.

Beautiful Is Good

A social psychological phenomenon where physical attractiveness leads people to attribute other positive traits such as intelligence and kindness to the person.