As More of a Good Is Consumed, Its Marginal Utility

question 105

Multiple Choice

As more of a good is consumed, its marginal utility ________ and its total utility ________.

• A) rises; rises
• B) rises; falls
• C) falls; rises
• D) falls; falls

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Definitions:

Multistage Sampling

A complex sampling method involving multiple levels or stages of random sampling, often used in large-scale surveys to obtain a representative sample.

Fast Food Industry

A sector of the food service industry that focuses on quick service and easy-to-prepare meals and snacks.

Fat Content

The proportion of fat present in a food product or substance, often expressed as a percentage of the total weight, indicating its nutritional value and calorie content.

Sampling Frame

A list or database from which a sample is drawn for a study or survey, containing all the elements of the population to be studied.