Which of the Following Statements Illustrates Diminishing Marginal Utility

question 36

Multiple Choice

Which of the following statements illustrates diminishing marginal utility?

• A)An extra dollar of income to a poor person provides that person with more additional utility than does an extra dollar to a rich person.
• B)An extra dollar of income to a poor person provides that person with less additional utility than does an extra dollar to a rich person.
• C)An extra dollar of income to a poor person provides that person with the same additional utility as does an extra dollar to a rich person.
• D)An extra dollar of income to a poor person provides that person with the same total utility as does an extra dollar to a rich person.

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Definitions:

Update Query

A database query that modifies the data in existing rows according to specified criteria without adding new data.

Design Grid

a framework of lines and columns used in design and layout to structure content, improve readability, and create a balanced appearance.

Relationships Window

A graphical or textual interface displaying the connections or associations between objects, tables, or entities within a database or software program.

Dialog Box

A small window that prompts the user to provide information or make a decision.