The Law of Diminishing Marginal Utility Can Be Stated as Follows

question 174

Multiple Choice

The law of diminishing marginal utility can be stated as follows:

• A)As the amount of a good consumed increases, the sum (total)of satisfaction received tends to decrease at a constant rate.
• B)As the amount of a good consumed increases, the additional satisfaction gained from consuming additional units tends to decrease.
• C)As the amount of a good consumed decreases, the additional satisfaction gained from consuming additional units tends to increase.
• D)As the amount of a good consumed increases, the sum (total)of satisfaction received tends to decrease at a diminishing rate.

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Definitions:

Delayed Reinforcement

A scenario in which a reward does not immediately follow the desired action, which can affect the strength and persistence of learning.

Partial Reinforcement

A conditioning method where a response is only occasionally rewarded, leading to more resilience in the learned behavior.

Continuous Reinforcement

A learning principle where every instance of a desired behavior is reinforced, leading to rapid acquisition of the behavior.

Immediate Reinforcement

The instant reward following a specific behavior, intended to increase the likelihood of that behavior being repeated.