If Total Utility Is Increasing, Marginal Utility

question 206

Multiple Choice

If total utility is increasing, marginal utility

• A) is positive but may be either increasing or decreasing.
• B) must also be increasing.
• C) may be either positive or negative.
• D) will be increasing at an increasing rate.

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Definitions:

Egocentrically Introverted

A personality trait characterized by a focus on one's own thoughts and feelings rather than on external stimuli or the perspectives of others.

Disinhibition

The reduction of restraint or inhibition which can lead to an increase in spontaneous or impulsive behaviors, often seen in social or psychological contexts.

Repetitive Experiences

Encounters or events that occur repeatedly over time, potentially impacting an individual's learning, behavior, or psychological state.

Internal Locus

The belief that one has control over their life events and outcomes, as opposed to external environmental factors.