Thinking About the Total Utility Gained from the Consumption of a Typical

question 67

Multiple Choice

Thinking about the total utility gained from the consumption of a typical good,we can say in general that:

• A) total utility will rise, peak, and then decline as more and more units are consumed.
• B) consuming more and more units of a good will eventually cause marginal utility to increase
• C) total utility increases by decreasing amounts, until it is maximized. Then it declines.
• D) total utility is maximized where the marginal utility is greatest.

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Definitions:

Designated Roles

Specific functions or positions assigned to individuals in a group, organization, or event.

Assigned Roles

Specific functions or parts allocated to individuals in a group or team setting, often meant to guide behavior and responsibilities.

Normative Influence

A social mechanism where individuals change their behavior to align with the norms or expectations of a group.

Whistle-Blowing

Revealing any type of data or behavior that is judged as illegal, unethical, or inappropriate within a company.