The law of diminishing marginal utility allows us to conclude that A) demand curves slope downward to the right. B) total utility will increase by an increasing amount as consumption increases. C) supply curves slope upward. D) a consumer will buy positive amounts of all goods.
The law of diminishing marginal utility allows us to conclude that A) demand curves slope downward to the right. B) total utility will increase by an increasing amount as consumption increases. C) supply curves slope upward. D) a consumer will buy positive amounts of all goods.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 7SQ
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The law of diminishing
A) demand
B) total utility will increase by an increasing amount as consumption increases.
C) supply curves slope upward.
D) a consumer will buy positive amounts of all goods.
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