In Cardinal Utility Analysis

question 389

Multiple Choice

In cardinal utility analysis

• A) numbers can be assigned to utility.
• B) it is recognized that numbers can not be assigned to utility.
• C) the concept of marginal utility exists while in ordinal utility analysis marginal utility does not exist.
• D) marginal utility always increases as more of a good is consumed.

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Definitions:

Personality Dimensions

Broad attributes used to describe human personality, such as the Big Five traits of openness, conscientiousness, extraversion, agreeableness, and neuroticism.

BAS

The Behavioral Activation System, a concept in psychology that describes a neurobiological system regulating approach behavior and response to reward.

Recital

A performance by a soloist or small group, typically in the context of music or dance, showcasing the performers' skills.

Rewarding

Providing a positive response to a behavior, making it more likely to occur again in the future.