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Author Question: What is the key assumption about marginal utility? What will be an ideal ... (Read 40 times)

Yi-Chen

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on: Jun 29, 2018
What is the key assumption about marginal utility?
 
  What will be an ideal response?

Question 2

Most doctors and hospitals operate as private businesses in all of the following countries except
 
  A) the United Kingdom. B) the United States.
  C) Japan. D) Canada.
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stanleka1

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Generally, more consumption gives more utility. A key assumption about marginal utility is that it generally declines as more units of the good are consumed. This assumption is the principle of diminishing marginal utility.

Answer to Question 2

A


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Yi-Chen

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Reply #2 on: Jun 29, 2018
Thank you :)


stanleka1

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Reply #3 on: Jun 29, 2018
Happy to help you


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