In the Theory of Utility,it Is Assumed That Marginal Utility

question 67

Multiple Choice

In the theory of utility,it is assumed that marginal utility:

• A)increases as consumption of a product increases.
• B)is always zero irrespective of any increase or decrease in consumption.
• C)remains constant when consumption of a product increases.
• D)diminishes as consumption of a product increases.
• E)remains constant when consumption of a product decreases.

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Definitions:

Emotionally Reactive

The tendency of an individual to respond to situations or stimuli with heightened emotional responses.

Natural Selection

A process in evolutionary biology where organisms better adapted to their environment tend to survive and produce more offspring.

Reproductive Advantage

The increased likelihood of an organism to reproduce and pass on its genes, often due to a particular genetic trait or behavior.

Genetically Predisposed Traits

Characteristics or conditions that individuals are more likely to develop due to their genetic makeup.