As More of a Good Is Consumed,the Marginal Benefit of the Good

question 119

Multiple Choice

As more of a good is consumed,the marginal benefit of the good

• A) increases.
• B) decreases.
• C) remains constant.
• D) is unpredictable.
• E) first decreases and then increases.

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Definitions:

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes.

Groupthink

A phenomenon where the desire for harmony in a decision-making group overrides a realistic appraisal of alternatives, often leading to poor decisions.

Conformity

involves aligning one's attitudes, beliefs, behaviors, and norms to those of a group or society.

Status

The rank an individual holds within a group.