For Most Goods and Most People, Marginal Utility Probably

question 171

Multiple Choice

For most goods and most people, marginal utility probably

• A)continues to increase as larger quantities are purchased.
• B)plummets after the first few units but soon begins to rise.
• C)declines as consumption increases.
• D)is negative after the first unit of a good is purchased.
• E)is positive and rising for most goods.

---

Definitions:

Availability

The state of being ready for use or accessible for a certain purpose or need.

Performance Contingency

A condition where the outcome or rewards depend on the level of performance achieved.

Consistency

The quality of always acting or behaving in the same way, leading to predictability in one's actions or responses.

Goal Setting

A process of identifying specific outcomes or achievements that an individual or organization aims to reach.