Additional units of a variable input are added to a fixed input. Total output rises from 0 units to 100 units to 190 units to 270 units to 310 units. This represents ______.   a. diminishing marginal utility  b. diminishing marginal returns.  c. increasing MPP of the variable input  d. total output rising at a constant rate

marginal utility is a measure of the benefit (or value, or enjoyment) a person obtains by a) Consuming a single additional unit of a product. b)Selling a single additional unit of a product (and spending the resulting cash). c) Borrowing the dollar value of a single additional unit of a product (and spending it on something nice). d)Converting a single additional unit of product to an equivalent number of units.

10) Figure 1 shows some indifference curves and budget lines for consumer Yusuf. Milk A B Cheese Figure 1 If Yusuf's income increases, his optimal consumption changes from point A to point B. Which of the following statements is true for Yusuf? (a) Cheese and milk are substitutes. (b) Cheese is an inferior good. (c) Milk is an inferior good . (d) Milk is a normal good. (e) None of the above.

The marginal utility of additional units of a product tends to: Go up Go down Remain constant There is no marginal utility beyond the first unit.