Total Utility Decreases When Diminishing Marginal Utility Is Present

question 43

True/False

Total utility decreases when diminishing marginal utility is present.

---

Definitions:

Authentic Leadership

A leadership style in which leaders are genuine, transparent, and trustworthy, focusing on building legitimacy through honest relationships.

Interrelated Components

Elements or parts of a system that are connected or related in such a way that changes in one can affect others.

Group Identification

A psychological process where an individual aligns with the norms, values, and practices of a particular group.

Transformational Leaders

Leaders who inspire followers to exceed their own self-interest for the good of the organization and who can bring about significant change.