As More of a Good Is Consumed,the Marginal Utility of an Additional

question 71

Multiple Choice

As more of a good is consumed,the marginal utility of an additional unit ________,so consumers are willing to pay ________ for an additional unit.

• A) decreases; less
• B) increases; less
• C) decreases; more
• D) increases; more
• E) does not change; less

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Definitions:

Terminal Diagnosis

A medical determination that an illness will lead to death within a relatively short time, offering no hope for recovery.

Anger

An emotional response characterized by antagonism toward someone or something you feel has deliberately done you wrong.

Physician

A medical professional who is qualified to diagnose and treat illnesses, diseases, injuries, and other physical and mental impairments in humans.

Elisabeth Kübler-Ross

A psychiatrist known for her pioneering work on the five stages of grief, which she detailed in her book "On Death and Dying."