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:

Behavioural Medicine

Application of the methods of behaviour modification to the treatment or prevention of disease—for example, the use of psychological techniques to control pain in patients undergoing medical procedures, or interventions to improve the diabetics’ ability to control their blood glucose.

Psychosocial Variables

Factors that involve both psychological and social aspects affecting an individual's behavior and thoughts.

Endocrine System

A network of glands in the body that produce and release hormones directly into the bloodstream, regulating various bodily functions and processes.

Hormones

Biological compounds produced by various body glands that regulate and control bodily functions.