Economists Consider Instances of Increasing Marginal Utility to Be

question 198

Multiple Choice

Economists consider instances of increasing marginal utility to be

• A)normal.
• B)impossible.
• C)unusual, as in the case of addictions.
• D)irrational.

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Definitions:

Human Characteristics

Traits, qualities, or features that are considered typical of humans, including physical, psychological, and social attributes.

Nature and Nurture

The debate concerning the relative importance of an individual's innate qualities (nature) versus personal experiences (nurture) in determining or causing differences in physical and behavioral traits.

Practice Play

Activities or exercises engaged in repeatedly with the aim of improving or mastering a skill.

Evolutionary Sense

Pertaining to the interpretation or understanding of phenomena in terms of evolution and natural selection.