Statement I: a Person's Marginal Utility Schedule Can Be Derived

question 117

Multiple Choice

Statement I: A person's marginal utility schedule can be derived from her demand schedule.
Statement II: If you purchased six dance lessons,the total utility you derived from the six lessons would be greater than the total utility you would have derived from five lessons.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Ergs

In psychology, often considered a non-standard term, but in physical measurement, it's a unit of energy or work in the centimeter-gram-second (CGS) system. NO.

Motivating Traits

Characteristics within an individual that drive them to act or pursue goals energetically and persistently.

Disgust

Disgust is an emotional response of revulsion or strong disapproval aroused by something unpleasant or offensive.

Dynamic Traits

Personality characteristics that are adaptive and change in response to different environments or situations.