As More of a Good Is Consumed,the Marginal Utility of an Additional

question 71

Multiple Choice

As more of a good is consumed,the marginal utility of an additional unit ________,so consumers are willing to pay ________ for an additional unit.

• A) decreases; less
• B) increases; less
• C) decreases; more
• D) increases; more
• E) does not change; less

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Definitions:

Structured Activities

Organized and planned events or tasks designed to achieve specific goals.

Interpersonal Interactions

The exchange or communication between two or more people through verbal or non-verbal means.

Household Expenses

Financial outlays related to the running and maintenance of a home, including bills, groceries, and rent or mortgage payments.

Adult Children

Individuals who are legally adults but are referred to as children in the context of their relationship with their parents.