The Law of Diminishing Marginal Utility Explains

question 38

Multiple Choice

The Law of Diminishing Marginal Utility explains:

• A) why we consume a variety of food
• B) why there are automatic checkout lanes at a grocery dtore
• C) why more is preferred to less
• D) scarcity

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Definitions:

Midlife Adults

Individuals typically in the age range of 40 to 65 years, often experiencing significant life transitions related to career, family, and personal identity.

Life Satisfaction

A measure of how content an individual is with their life.

Generative Needs

The desire to produce or create something that contributes meaningfully to society or one's life.

Grandparent Role

Involves the social and emotional responsibilities and functions a grandparent assumes in a grandchild's life, often including caregiving, mentoring, and cultural transmission.