Marginal Utility Is

question 39

Multiple Choice

Marginal utility is

• A)always increasing.
• B)maximized when total utility is zero.
• C)the slope of the total utility function.
• D)always decreasing.

---

Definitions:

Just-Noticeable Difference

The smallest difference in stimulus intensity that a specific sense can detect.

Decision Criterion

The threshold or standard set by an individual or system to decide between alternatives.

Weber's Law

A principle in psychology that states the smallest change in a stimulus that can be detected is a constant proportion of the original stimulus's intensity.

Lit Candles

Candles that have been ignited to produce light or fragrance, often used for ambiance or ceremonial purposes.