Which of the Following Statements Is TRUE

question 315

Multiple Choice

Which of the following statements is TRUE?

• A) As more of a good is consumed, its total utility increases, unless the good is subject to diminishing marginal utility.
• B) As more of a good is consumed, its total utility increases, even if the good is subject to diminishing marginal utility.
• C) No two people have identical utility functions, just as no two people have identical fingerprints.
• D) Both A and C above.

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Definitions:

Identity Foreclosures

A state in developmental psychology where an individual prematurely commits to an identity without adequately exploring alternatives.

Gated Community

A residential area enclosed by barriers or fences, featuring controlled entrances for the purpose of security and exclusivity.

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Shared hobbies, preferences, or passions among individuals that often form the basis for relationships or social groupings.

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Sexual activities that increase the likelihood of getting sexually transmitted infections (STIs) or resulting in unintended pregnancies.