Total Utility

question 115

Multiple Choice

Total utility

• A)is the total amount of satisfaction derived from consuming a particular quantity of a good.
• B)remains constant as the number of units consumed increases.
• C)is the change in satisfaction derived from consuming each extra unit of a good.
• D)declines as the number of units consumed increases.

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Definitions:

Adopted Children

Children who have been legally taken by individuals or couples to be cared for as their own.

Identical Twins

Twins who develop from a single fertilized egg that splits and forms two embryos, sharing 100% of their DNA.

Nonidentical Twins

Twins born from two separate eggs fertilized at the same time, leading to siblings that share genetic similarities but are not genetically identical.

Biological Siblings

Siblings who share the same biological parents, fully related genetically.