Diminishing Marginal Utility Means That as More of a Good

question 16

Multiple Choice

Diminishing marginal utility means that as more of a good is consumed,

• A) the price of the good rises.
• B) the price of the good falls.
• C) more income is spent.
• D) the utility of an additional unit decreases.
• E) the consumption of some other good must diminish.

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Definitions:

Manuscript Illumination

The art of decorating the text and borders of manuscripts with gold, silver, and vibrant colors, common in medieval times.

Petrus Christus

A Netherlandish painter of the Early Renaissance, recognized for his detailed, realistic portraits and religious scenes.

A Goldsmith

An artisan specialized in crafting objects out of gold and other precious metals, often including jewelry, utensils, and art objects.

Rogier Van Der Weyden

was a Flemish painter of the Early Netherlandish painting school, renowned for his deeply emotional religious works and portraits.