Does Mr McConaughey's Marginal Utility from Spending Time with Family and and Friends

question 155

Multiple Choice

Does Mr. McConaughey's marginal utility from spending time with family and friends and from breaking a sweat obey the principle of diminishing marginal utility?

• A) No, neither obeys the principle of diminishing marginal utility.
• B) Only breaking a sweat obeys the principle of diminishing marginal utility.
• C) Yes, they both obey the principle of diminishing marginal utility.
• D) Only spending time with friends and family obeys the principle of diminishing marginal utility.

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Definitions:

Universal

Something that is applicable or common to all cases, situations, or beings without exception.

Culture-Specific

Pertains to traits, customs, conventions, or practices that are unique or particularly characteristic of a given culture.

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture.

Ethics

A branch of philosophy that deals with systematizing, defending, and recommending concepts of right and wrong behavior.