Asked by Carly Koncz on May 19, 2024
Verified
Many people do not steal or commit fraud because to them, the resulting feelings of guilt and uneasiness make the
A) marginal utility of the act increase.
B) marginal utility of the act decrease.
C) marginal cost of the act increase.
D) marginal cost of the act decrease.
Marginal Utility
Marginal utility represents the change in satisfaction or utility that an individual gains from consuming one additional unit of a good or service.
Marginal Cost
The increased cost resulting from manufacturing one extra unit of a product or service.
Feelings of Guilt
Feelings of guilt involve emotional responses that occur when an individual believes they have violated moral standards or caused harm, impacting their psychological well-being and behavior.
- Comprehend the economic reasoning for the actions of gift-giving, theft, and market practices.
Verified Answer
BA
Beatriz AlvarezMay 20, 2024
Final Answer :
C
Explanation :
The feelings of guilt and uneasiness associated with stealing or committing fraud add to the negative consequences (or costs) of these actions, thus increasing the marginal cost of the act.
Learning Objectives
- Comprehend the economic reasoning for the actions of gift-giving, theft, and market practices.