[Answered] Consumers must understand the law of diminishing marginal utility in order to maximize their ...

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Author Question: Consumers must understand the law of diminishing marginal utility in order to maximize their ... (Read 76 times)

HCHenry

Hero Member
Posts: 591

on: Jul 1, 2018

Consumers must understand the law of diminishing marginal utility in order to maximize their satisfaction.
a. True
b. False

Question 2

A utility-maximizing consumer equalizes marginal utilities across all goods.
a. True
b. False

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pami445

Sr. Member
Posts: 303

Reply #1 on: Jul 1, 2018

Answer to Question 1

B

Answer to Question 2

B

HCHenry

Member
Posts: 591

Reply 2 on: Jul 1, 2018

Thanks for the timely response, appreciate it

bigcheese9

Member
Posts: 333

Reply 3 on: Yesterday

Wow, this really help

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