If Total Utility from the Consumption of Some Product Is

question 21

Multiple Choice

If total utility from the consumption of some product is decreasing as more units are consumed,then marginal utility must be

• A)positive.
• B)negative.
• C)decreasing.
• D)decreasing at an increasing rate.
• E)increasing at a decreasing rate.

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Definitions:

Life Experiences

The collection of events, situations, and activities that an individual encounters throughout their lifetime which shape their character and beliefs.

Herzberg's Two-Factor Theory

A theory that distinguishes between motivators (factors that cause satisfaction and motivation) and hygiene factors (factors that prevent dissatisfaction but do not necessarily motivate).

Hygiene Factors

Factors related to the work environment that do not necessarily motivate employees if present, but can cause dissatisfaction if absent.

Job Satisfaction

A measure of how content an individual is with their job, which can affect their motivation, performance, and loyalty to the company.