The Law of Diminishing Marginal Utility Explains Why

question 113

Multiple Choice

The law of diminishing marginal utility explains why

• A)most individual demand curves are straight lines.
• B)the consumer's optimal purchase is at the tangency of an indifference curve and the budget line.
• C)most individual demand curves slope downward.
• D)marginal utility falls when total utility falls.

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Definitions:

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The skin; it serves as the body's outer layer, protecting against external harm and regulating temperature.

Gate-Control Theory of Pain

A theory that suggests pain signals must pass through a "gate" in the spinal cord, which can be closed, thus blocking the pain signal, by factors in the brain or by physical stimulation of the nerves.

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