The Total Benefit That a Person Receives from the Consumption

question 258

Multiple Choice

The total benefit that a person receives from the consumption of goods and services is called

• A) total utility.
• B) marginal utility.
• C) marginal cost.
• D) opportunity cost.

---

Definitions:

Collective Harm

Damage or negative impact that affects a group of people or community as a whole.

Social Traps

Situations in which individuals or groups, driven by immediate rewards, make decisions that are harmful to them and others in the long run.

Social-Responsibility Norm

A societal rule that urges people to help others who are dependent upon them or in need, based on the expectation of helping those who cannot help themselves.

Self-Disclosure

The act of revealing personal information, thoughts, and feelings to others.