The Principle of Diminishing Marginal Utility Says That

question 2

Multiple Choice

The principle of diminishing marginal utility says that:

• A) as more of a good or service is consumed, demand decreases.
• B) as more of a good or service is consumed, the price will rise.
• C) the marginal utility of additional units consumed decreases.
• D) an increase in income causes demand to increase.

Grasp the implications of Milgram's experiments on obedience and authority.

Comprehend the psychological mechanisms behind compliance with immoral or unethical orders.

Recognize the role of psychological distance and situational factors in obedience.

Identify the characteristics and consequences of authoritarian personalities.

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Definitions:

Objective Tests

Tests that require respondents to select an answer from a given set, minimizing subjective judgment and allowing for clear, definitive scoring.

NEO Personality Inventory

A psychological assessment tool that measures the Big Five personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Rorschach

A psychological test in which subjects' perceptions of inkblots are recorded and then analyzed using psychological interpretation, complex algorithms, or both.

Minnesota Multiphasic Personality Inventory

A comprehensive psychological assessment tool consisting of a series of statements that individuals respond to, used to identify personality structure and psychopathology.