The First Rule of Descartes's Method,providing the Equivalent of the Geometric

question 35

Multiple Choice

The first rule of Descartes's method,providing the equivalent of the geometric axioms,was to

• A) doubt everything.
• B) keep precise records of all observations.
• C) systematically manipulate one variable at a time.
• D) proceed deductively by syllogistic reasoning.

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Definitions:

Marginal Utility

The boost in satisfaction or usefulness experienced from consuming an additional unit of a good or service.

Hypothetical Consumer

An assumed average consumer used in economic and marketing models to predict the behavior of consumer populations.

Utility-Maximizing

A principle in economics whereby individuals seek to optimize their satisfaction or happiness through the consumption of goods and services.

Total Product Curve

A graphical representation showing how the quantity of output depends on the quantity of a variable input, holding all other inputs fixed.