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Author Question: The principle of decreasing marginal benefit means that as the quantity of a good consumed A) ... (Read 95 times)

segrsyd

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on: Jun 29, 2018
The principle of decreasing marginal benefit means that as the quantity of a good consumed
 
  A) decreases, its marginal benefit decreases.
  B) increases, its marginal benefit decreases.
  C) increases, its total benefit decreases.
  D) None of the above answers is correct.

Question 2

Which of the following items has the largest price elasticity of demand?
 
  A) food
  B) fruit
  C) oranges
  D) oranges from a Wal-Mart SuperCenter


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mrphibs

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

B

Answer to Question 2

D


segrsyd

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

LegendaryAnswers

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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