Use the Following to Answer Question(s)

question 21

Multiple Choice

Use the following to answer question(s) :
-(Exhibit: Utility) The law of diminishing marginal utility is first observed at the _______ unit.

• A) second
• B) third
• C) fifth
• D) sixth

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Definitions:

Incumbent Governor

The currently serving governor in office, usually in the context of elections to refer to the existing officeholder.

Confidence Level

The percentage or proportion of times that an estimated interval is expected to contain the true value of the parameter.

Interval Estimate

An estimate of a population parameter that specifies a range within which the parameter is estimated to lie.

Population Parameter

Any numerical quantity that characterizes a given population or some aspect of it.