As a General Rule, Marginal Utility Will Be Less

question 28

Multiple Choice

As a general rule, marginal utility will be less:

• A) as less of the good is consumed.
• B) as more of the good is consumed.
• C) when average utility is at a maximum.
• D) only when the good is inferior.

---

Definitions:

Social Learning Theory

A theory that suggests people learn new behaviors through observational learning, or by watching others and imitating their actions.

Gender

The psychological aspects of being male or female.

Behavioral

Relating to or concerned with the actions or activities of living beings, especially in terms of observable and measurable responses to external stimuli.

Elementary School Child

Refers to a child attending elementary school, generally aged between 6 to 11 years, and developing in terms of cognitive, emotional, and social abilities.