What Does the Law of Diminishing Marginal Utility Posits That

question 12

True/False

What does the law of diminishing marginal utility posits that as a person consumes increasing quantities of a given good,the pleasure she derives from it increases,but at a decreasing rate.

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Definitions:

Concurrent Validity

The degree to which the results of a test correlate with the results of other established measures taken at the same time.

Test-retest Reliability

Test-retest reliability is a measure of the consistency of a psychological test or assessment's results over time when administered to the same individuals on separate occasions.

Content Validity

pertains to how well a test measures every aspect of the specified domain or topic it is intended to assess.

Concurrent Validity

The extent to which test scores correlate with scores from other assessments measuring the same construct at the same time.