The law of diminishing marginal utility A) refers to the fall in additional satisfaction created by consumption of additional units of a good. B) refers to the idea that total utility can be negative. C) refers to the decrease in total satisfaction as more units of the good are consumed. D) all of the above.
The law of diminishing marginal utility A) refers to the fall in additional satisfaction created by consumption of additional units of a good. B) refers to the idea that total utility can be negative. C) refers to the decrease in total satisfaction as more units of the good are consumed. D) all of the above.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 18SQ
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The law of diminishing
- A) refers to the fall in additional satisfaction created by consumption of additional units of a good.
- B) refers to the idea that total utility can be negative.
- C) refers to the decrease in total satisfaction as more units of the good are consumed.
- D) all of the above.
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