If You Could Pay for a Product According to the Marginal

question 431

Multiple Choice

If you could pay for a product according to the marginal utility that you gain from additional consumption, then as you consume more of a product the price you pay would

• A) remain the same.
• B) increase.
• C) be deferred.
• D) decline.

---

Definitions:

Adolescence

A developmental stage between childhood and adulthood, marked by physical, psychological, and social changes, typically occurring between ages 12 and 18.

Infancy

The earliest stage in human development, from birth to the age of two, characterized by rapid physical growth and cognitive development.

Forebrain

The largest and most recently evolved portion of a mammalian brain; includes the cerebrum.

Hindbrain

The part of the mammalian brain that evolved first. Includes the medulla, pons, cerebellum, and reticular formation.