Which of the Following Best Describes the Principle of Diminishing

question 88

Multiple Choice

Which of the following best describes the principle of diminishing marginal utility? As an individual consumes more of a good:

• A) the total utility obtained will eventually fall.
• B) the total utility obtained will eventually become negative.
• C) the addition to total utility obtained from the nth unit of the good will be less than that obtained from the immediately preceding unit of the good.
• D) the marginal utility will eventually become negative.

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Definitions:

Different Culture

Refers to the unique characteristics, behaviors, beliefs, and ways of life of a group of people that distinguish them from other groups.

Cognitive Approach

A psychological perspective that focuses on how people think, understand, and know about the world.

Depression

A mental disorder marked by a continuous feeling of sadness or a lack of enthusiasm for activities, resulting in considerable disruption to everyday functioning.

Interpreted

Processed or explained in a specific way to add meaning or understanding.