The Principle of Diminishing Marginal Utility Implies That the

question 288

Multiple Choice

The principle of diminishing marginal utility implies that the

• A) marginal utility of a product is negative.
• B) total utility from a product is also diminishing as more units are consumed.
• C) rate of change of total utility is diminishing as more units are consumed.
• D) rate of change of marginal utility is very low as more units are consumed.

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Definitions:

Mental Illnesses

A wide range of mental health conditions that affect mood, thinking, and behavior.

Psychological Disorder

A pattern of behavior or thought that causes significant distress or impairment in personal functioning, recognized by the mental health community.

Percentage

A proportion or share in a whole, expressed as a fraction of 100.

Bipolar Disorder

A mental health condition marked by extreme mood swings from high (mania) to low (depression).