The Marginal Utility Gained from the Consumption of Successive Units

question 43

Multiple Choice

The marginal utility gained from the consumption of successive units of a typical good:

• A) tends to decrease.
• B) tends to increase.
• C) may increase or decrease depending on the cost of the good.
• D) tends to stay the same.

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Definitions:

Magnification

Cognitive distortion involving exaggerating the importance or significance of events.

Conditioning

The process of learning associations between environmental stimuli and behavioral responses.

Psychodynamic Therapies

A group of therapies derived from psychoanalytic psychology that focus on unconscious processes and past conflicts as the root of current psychological issues.

Sigmund Freud

A neurologist from Austria who initiated psychoanalysis, which is a technique for addressing mental disorders through conversational therapy between a patient and a psychoanalyst.