Which of the Following Is Descriptive of the Law of Diminishing

question 29

Multiple Choice

Which of the following is descriptive of the law of diminishing marginal utility?

• A) The third hamburger consumed provides less utility than the second hamburger consumed.
• B) The third hamburger is priced higher than the first hamburger.
• C) As price falls,quantity demanded rises,ceteris paribus.
• D) The price of a good rises as the costs of producing that good rise.
• E) none of the above

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Definitions:

Family Affairs

Matters and activities related to the functioning and well-being of a family unit.

Boundary Role

Positions in an organization that involve a significant amount of interaction and coordination between the organization and its external environment.

Computer Programmer

A professional who writes and tests code that allows computer applications and software programs to function properly.

Role Overload

Role overload occurs when an individual is expected to fulfill more roles or tasks than is feasible within given time constraints, leading to stress or inability to perform effectively.