Which of the Following Is Likely to Occur as the Result

question 184

Multiple Choice

Which of the following is likely to occur as the result of the law of diminishing marginal utility?

• A)Petra's utility from her second apple was less than her satisfaction from her first orange.
• B)Hudson enjoyed his second slice of pizza more than his first.
• C)Sabine's utility from her first granola bar is greater than Rachel's utility from her second granola bar.
• D)Wesley enjoyed his second bottle of iced tea less than his first bottle, other things constant.

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Definitions:

Ethical

Pertaining to or dealing with morals, principles of morality, or the rules of conduct that govern the behavior of individuals and organizations.

Unethical

Actions or behaviors that do not meet the accepted standards of moral conduct.

Business Practice

Standard methods or processes used in the running of a company or in conducting commercial activities.

Ethical Conceptions

Theories or ideas pertaining to ethics, dealing with questions of morality and the principles of right and wrong.