If Marginal Utility Is Decreasing,consuming an Additional Unit of a Product

question 78

True/False

If marginal utility is decreasing,consuming an additional unit of a product will cause total utility to decline.

---

Definitions:

Spreading Activation

A mechanism in neural networks where the activation of one node leads to the subsequent activation of related nodes, facilitating information retrieval.

Priming

A psychological phenomenon where exposure to one stimulus influences the response to a subsequent stimulus, without conscious guidance or intention.

John Wayne

An iconic American film actor famous for his roles in Westerns and war movies.

Representativeness Heuristic

The representativeness heuristic is a cognitive bias where individuals judge the probability or frequency of a hypothesis by considering how much the hypothesis resembles available data.