This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The law of diminishing marginal utility refers to (Read 21 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
on: Apr 19, 2019

Question 1

Total utility is


◦ the total amount of satisfaction yielded by the consumption of a good or service.
◦ the additional satisfaction gained by consuming one more unit of something.
◦ used to compare different people's likes and dislikes.
◦ relatively easy to measure.

Question 2

The law of diminishing marginal utility refers to


◦ a consumer's decrease in total satisfaction as she consumes more units of a good.
◦ a consumer's decrease in additional satisfaction as she consumes more and more units of a good.
◦ the idea that total utility is negative.
◦ the idea that marginal utility is negative.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Sportsfan2111 on Apr 19, 2019

AngeliqueG

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


Sportsfan2111

  • Member
  • Posts: 585
Reply 2 on: Apr 19, 2019
Wow, this really help

JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Different parts of the body mature at different rates. “General” refers to the body as a whole: the Different parts of the body mature at different rates. “General” refers to the body as a whole: the
Temperament refers to stable differences in the emotional reactions of different children to similar ... Temperament refers to stable differences in the emotional reactions of different children to similar ...
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
The diminishing effects on body weight of a low-calorie diet and a high-calorie diet. The diminishing effects on body weight of a low-calorie diet and a high-calorie diet.
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Video: Introduction to Sickle Cell Anemia

For a complete list of videos, visit our video library