Which One of the Following Is Not an Assumption of Marginal

question 48

Multiple Choice

Which one of the following is not an assumption of marginal utility theory?

• A)People derive utility from their consumption.
• B)More consumption yields more total utility.
• C)Utility can be measured.
• D)Marginal utility diminishes with more consumption.
• E)Consumers maximize total utility.

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Definitions:

Performance Evaluations

The assessment process of an employee's job performance, usually conducted on a regular basis like annually or semi-annually.

Raises

Increases in salary or wages given to employees to reward performance, adjust for inflation, or acknowledge their tenure with the company.

Vacation Time

Allocated periods during which an employee is permitted to be absent from work for rest or leisure without loss of pay.

Performance Evaluation

A systematic process to review and assess an employee's job performance over a specific period, including achievements and areas for improvement.