Which of the Following Statements Is (Are) True

question 2

Multiple Choice

Which of the following statements is (are) true?

• A) As a consumer consumes more and more of a good or service, its marginal utility eventually falls.
• B) Utility is a quality inherent in the good or service itself.
• C) Marginal utility is the change in total utility resulting from consuming one more or one less unit of a good.
• D) Both A and C are true.

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Definitions:

General Partner

A member of a partnership who has unlimited personal liability for the debts of the business and takes part in the management of the partnership.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.

Aversive Stimuli

Unpleasant or negative stimuli that an individual seeks to avoid or escape.

Shuttle-Box Situation

An experimental setup in animal learning studies where an animal is trained to avoid an aversive stimulus by moving from one compartment to another.