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Author Question: As Sally increases her consumption of a good, she experiences diminishing marginal utility if her ... (Read 60 times)

karlynnae

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on: Jun 29, 2018
As Sally increases her consumption of a good, she experiences diminishing marginal utility if her total utility
 
  A) increases at a constant rate.
  B) increases at a decreasing rate.
  C) increases at an increasing rate.
  D) decreases.

Question 2

If a product has very few substitutes, demand elasticity is likely to be
 
  A) 1.
  B) elastic.
  C) infinitely elastic.
  D) inelastic.


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zogaridan

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

B

Answer to Question 2

D


karlynnae

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

bimper21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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