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:

Well-Being

The state of being comfortable, healthy, or happy, encompassing physical, mental, and emotional health and overall quality of life.

Secure Attachment

A stable and healthy emotional bond between an infant and their caregiver, characterized by trust and a sense of safety.

Separation Anxiety

Emotional distress experienced by individuals, particularly children, when separated from familiar caregivers or environments.

Caregiver

A person who provides care for another individual, often a family member or friend who has a disability, chronic illness, or is of aging.