Which of the Following Is Explained by the Law of Diminishing

question 226

Multiple Choice

Which of the following is explained by the law of diminishing marginal utility?

• A)The marginal utility of Isabel's second bottle of Coca-Cola is greater than the marginal utility of her third bottle of Coca-Cola.
• B)The marginal utility of Isabel's second bottle of Coca-Cola is greater than the marginal utility of her third pretzel.
• C)The marginal utility of Isabel's second bottle of Coca-Cola is greater than the marginal utility of her friend Margie's third pretzel.
• D)The total utility of one bottle of Coca-Cola is greater than the total utility of two bottles of Coca-Cola.

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Definitions:

Studying Hours

A measure of the amount of time spent on studying or academic activities.

Mistakes

Errors or inaccuracies that occur due to oversight or misunderstanding in a given context.

Covariance

Extent to which two variables vary together such that they have shared variance.

Null Hypothesis

The premise in hypothesis testing that suggests there is no association or effect among the variables being tested.