12
answers
0
watching
39
views
28 Nov 2019
The law of diminishing marginal utility states that:
a. the marginal utility of all products consumed must be equal.
b. as more of a good or service is consumed, the marginal utility derived from it, relative to other products, increases.
c. as more of a good or service is consumed, the marginal utility derived from it decreases.
d. as more of a good or service is consumed, the marginal utility derived from it, relative to other products, remains the same.
e. the marginal utility of the last unit consumed of any good is less than the marginal utility of all other products consumed.
The law of diminishing marginal utility states that:
a. the marginal utility of all products consumed must be equal.
b. as more of a good or service is consumed, the marginal utility derived from it, relative to other products, increases.
c. as more of a good or service is consumed, the marginal utility derived from it decreases.
d. as more of a good or service is consumed, the marginal utility derived from it, relative to other products, remains the same.
e. the marginal utility of the last unit consumed of any good is less than the marginal utility of all other products consumed.
evereadyLv10
8 Jul 2023
Unlock all answers
Get 1 free homework help answer.
Already have an account? Log in
OC4396189Lv10
4 Jul 2023
Get unlimited access
Already have an account? Log in
punithg05Lv10
24 May 2023
Get unlimited access
Already have an account? Log in
prithivira92Lv3
24 May 2023
Get unlimited access
Already have an account? Log in
samvicLv10
24 May 2023
Get unlimited access
Already have an account? Log in
OC4883347Lv10
24 May 2023
Get unlimited access
Already have an account? Log in
bingoLv10
24 May 2023
Get unlimited access
Already have an account? Log in
mainLv10
25 Sep 2022
Get unlimited access
Already have an account? Log in
coursetLv10
3 Sep 2022
Get unlimited access
Already have an account? Log in
OC4149121Lv10
29 Apr 2022
Get unlimited access
Already have an account? Log in
OC4218648Lv10
19 Feb 2022
Get unlimited access
Already have an account? Log in
Deanna HettingerLv2
15 Nov 2019
Get unlimited access
Already have an account? Log in