According to the Principle of Diminishing Marginal Utility

question 86

Multiple Choice

According to the principle of diminishing marginal utility

• A) total utility always falls with additional consumption.
• B) total utility is usually negative.
• C) the consumer will never tire of additional units of a good.
• D) the rate at which utility increases diminishes as more of a good is consumed.

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Definitions:

Routine Collective Actions

The regular, patterned, and unexceptional activities performed by groups of individuals that reinforce social norms and cohesion.

Short-Lived

Describing something that lasts for a very brief period of time or is temporary in nature.

Breakdown Theory

A theory in social psychology that suggests social structures and norms break down under certain conditions, leading to social disorder, chaos, or change.

Violation of Norms

Actions or behaviors that do not conform to the established social rules or standards.