The law of diminishing returns implies that Multiple Choice O O O O the more hours you spend studying, the less you will know. your understanding will be increased by decreasing your marginal study time. eventually, the more hours you spend studying per day, the less you will learn with each added hour. the more hours you spend studying per day, the more you will learn with each added hour.

The law of diminishing returns implies that Multiple Choice O O O O the more hours you spend studying, the less you will know. your understanding will be increased by decreasing your marginal study time. eventually, the more hours you spend studying per day, the less you will learn with each added hour. the more hours you spend studying per day, the more you will learn with each added hour.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter4: Utility Maximization And Choice

Section: Chapter Questions

Problem 4.3P

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Wherein:TU = Total Utilityf= is a function ofMU = Marginal UtilityO = units of consumptionA= infinitesimal change EMV= Expected Monetary Value
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