Which of the Following Is Correct

question 324

Multiple Choice

Which of the following is correct?

• A)There is no firm mathematical relationship between marginal utility and total utility.
• B)Total utility is equal to the change in marginal utility from consuming an additional unit of a product.
• C)If marginal utility is diminishing and is a positive amount, total utility will increase.
• D)If marginal utility is diminishing, total utility must also be diminishing.

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Definitions:

Serious Side Effects

Severe consequences or reactions resulting from the use of a medication or treatment.

Utilitarian Ethics

An ethical theory that emphasizes the outcomes of actions, proposing that the most ethical decisions are those that maximize happiness or well-being for the greatest number of people.

Morally Correct

Acting in accordance with ethical principles and acknowledged standards of right and wrong behavior.

Greatest Good

A principle often associated with utilitarian ethics, emphasizing the action that results in the most benefit or happiness for the greatest number of people.