The Additional Benefit to a Consumer from Consuming One More

question 87

True/False

The additional benefit to a consumer from consuming one more unit of a good or service is the marginal benefit.

---

Definitions:

Oedipal Complex

A concept in psychoanalytic theory referring to a child's feeling of desire for their opposite-sex parent and jealousy and rivalry with their same-sex parent.

Freudians

Refers to followers of the theories and therapeutic methods developed by Sigmund Freud, particularly those related to psychoanalysis.

Self-Efficacy

The belief in one's own capability to organize and execute the courses of action required to manage prospective situations.