The Idea That Each Additional Unit Offers Less Additional Satisfaction

question 182

Multiple Choice

The idea that each additional unit offers less additional satisfaction when additional units of product are consumed is known as

• A) the law of decreasing total utility.
• B) rationality.
• C) marginal satisfaction.
• D) diminishing marginal utility.

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Definitions:

Title Case

A capitalization style in which the first letters of all major words in a title are capitalized.

Borders

Boundaries or lines that define the edges of a country, territory, or area, often associated with regulatory or legal implications.

Rules

Established and authoritative principles or guidelines that govern behavior or the operation of systems or processes.

Arbitrary

Stemming from unpredictable preferences or spur-of-the-moment desires rather than through structured reasoning or organized principle.