Marginal Utility Is Total Utility Divided by the Number of Units

question 195

True/False

Marginal utility is total utility divided by the number of units consumed.

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Definitions:

Reward

An event that increases the occurrence of the instrumental behavior that precedes the event.

Alternate Route

An alternative path or method to achieve an objective, often considered when the primary route is obstructed or less desirable.

Traffic Jam

A condition on roadways where vehicles are stopped or moving very slowly due to vehicle overflow or other factors like construction or accidents.

Well-Learned Behavior

is an action or response that has been practiced so much that it becomes automatic or performed without conscious thought.