The Principle of Diminishing Marginal Utility Implies

question 28

Multiple Choice

The principle of diminishing marginal utility implies:

• A)indifference curves are concave.
• B)indifference curves are convex.
• C)indifference curves are straight lines.
• D)as your consumption level increases, the marginal utility received from consumption of an additional unit increases.

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Definitions:

LULAC

The League of United Latin American Citizens, a Latino civil rights organization formed in 1929, focused on combating inequality and discrimination faced by Hispanics in the United States.

NAACP

The National Association for the Advancement of Colored People, an African-American civil rights organization formed in 1909 to fight prejudice, lynching, and Jim Crow segregation, and to work for the betterment of people of color.

Brown Case

The Brown Case, commonly known as Brown v. Board of Education of Topeka, was a landmark 1954 Supreme Court decision that declared racial segregation in public schools unconstitutional in the United States.

Montgomery Bus Boycott

A pivotal event in the American Civil Rights Movement, starting in 1955, where African Americans boycotted the Montgomery public bus system to protest racial segregation.