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Author Question: The law of diminishing marginal utility states that as you consume more and more of a good, other ... (Read 50 times)

Melani1276

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on: Jul 1, 2018
The law of diminishing marginal utility states that as you consume more and more of a good, other things constant,
 a. total utility eventually rises
  b. marginal utility can become positive
  c. marginal utility approaches, but never becomes, zero
  d. total utility can never become negative
  e. marginal utility eventually declines

Question 2

Which of the following sayings describes the concept of diminishing marginal utility?
 a. time is money
  b. penny wise and pound foolish
  c. absence makes the heart grow fonder
  d. a penny saved is a penny earned
  e. a fool and his money are soon parted


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pangili4

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Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

C


Melani1276

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Reply #2 on: Jul 1, 2018
Thank you


pangili4

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Reply #3 on: Jul 1, 2018
No problemo


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