The Amount by Which Total Utility Rises When an Additional

question 30

Multiple Choice

The amount by which total utility rises when an additional unit of a good is consumed is called:

• A) average utility.
• B) the law of diminishing returns.
• C) incremental utility.
• D) marginal utility.

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Definitions:

Reward And Punish

Techniques used in managing behavior by offering incentives for desired actions and penalties for undesirable ones.

Situational Control

Refers to the ability to influence the outcome of specific situations by effectively managing variables and adapting strategies.

Task Structure

The way tasks are organized, defined, and executed within teams or projects, including clarity, complexity, and the processes used.

Leader-Member Relations

The dynamics and quality of the relationship between leaders and their followers in an organization, affecting morale, productivity, and job satisfaction.