If Marginal Utility Is Positive, Then as Consumption Increases

question 22

Multiple Choice

If marginal utility is positive, then as consumption increases:

• A)the consumer will not experience diminishing marginal utility.
• B)total utility will not change.
• C)total utility will increase.
• D)the demand curve will have a positive slope.

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision independently.

Erikson

Refers to Erik Erikson, a developmental psychologist and psychoanalyst known for his theory on the psychological development of humans, which is characterized by eight stages from infancy to adulthood.

Self-Control

The ability to regulate one's emotions, thoughts, and behavior in the face of temptations and impulses, as a form of self-discipline.

Attentional Regulation

Attentional Regulation involves controlling one's focus on tasks or stimuli, critical for cognitive performance and learning.