Which of the Following Statements About the Law of Diminishing

question 44

Multiple Choice

Which of the following statements about the law of diminishing marginal utility is correct?

• A)As more of a given good is consumed,total utility rises at an increasing rate.
• B)As more of a given good is consumed,marginal utility rises at an increasing rate.
• C)As more of a given good is consumed beyond some level,the marginal utility associated with consumption of additional units tends to decline.
• D)As more of a given good is consumed,total utility rises at a decreasing,then increasing rate.

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Definitions:

Psycho-motor Energy

A term related to the connection between mental processing and physical movement.

Homeostasis

The process by which a living organism or system maintains stable internal conditions necessary for survival, despite changes in the external environment.

Equilibrium

A state of balance or stability, often referring to psychological or emotional balance.

Conscious

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, and experiences.