Table 5-1B -If a Graph of Robinson's Marginal Utility Were Constructed from Utility

question 187

Multiple Choice

Table 5-1B

-If a graph of Robinson's marginal utility were constructed from Table 5-1B, it would

• A)illustrate the "law" of diminishing marginal utility.
• B)be a negatively sloped curve.
• C)illustrate a typical consumer's satisfaction derived from consumption of consecutive units of a good.
• D)All of the above are correct.

---

Definitions:

Social Psychology

A branch of psychology that deals with social interactions, including their origins and their effects on the individual.

Person Perception

The process by which individuals form judgments and impressions of other people.

Confirmation Biases

A natural tendency to look for, make sense of, value, and keep in mind details that confirm one's established beliefs or speculations.

Fundamental Attribution Error

The tendency for observers to underestimate situational influences and overestimate dispositional traits when explaining others' behaviors.