The Table Given Below Depicts the Total Utility Derived from the Consumption

question 45

Multiple Choice

The table given below depicts the total utility derived from the consumption of a good.Table 7.1

-If total utility increases by smaller and smaller amounts as more units of a product are consumed, then marginal utility is:

• A)decreasing and is a negative amount.
• B)decreasing and is a positive amount.
• C)zero.
• D)increasing and is a negative amount.
• E)increasing and is a positive amount.

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Definitions:

Ingroup Bias

The tendency to favor and prioritize the interests of one's own group over those of other groups.

Urban Maori

Individuals of Maori descent who live in urban areas of New Zealand, often experiencing a different cultural identity from traditional Maori.

Social Change

Social change encompasses alterations in the social structure and cultural values of a society over time.

Intergroup Differentiation

Behaviour that emphasises differences between our own group and other groups.