The Second Framework of the Four Frameworks Approach Is

question 31

Multiple Choice

The second framework of the four frameworks approach is:

• A)the second framework.
• B)the axial framework.
• C)the theoretical framework.
• D)the literature framework.

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Definitions:

Marginal Utility

The additional satisfaction or usefulness obtained from acquiring or consuming one more unit of a product or service.

Diminishing

A principle often seen where there is a decrease in the marginal (incremental) output of a production process as the amount of a single factor of production increases while others remain constant.

Donut

A fried dough confectionery or dessert food, usually sweet, and often served with a variety of toppings or fillings.

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.