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:

Compromise

A method of resolving disputes by which all parties make concessions to reach a mutually acceptable agreement.

Forcing

A conflict resolution style where one individual imposes their will on another, disregarding the concerns and interests of the other party.

Concessions

Adjustments or compromises made by parties in a negotiation to reach a mutual agreement.

Win-lose

A competitive perspective where one party's gain is perceived to be at the expense of another's loss.