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Author Question: For most goods and most people, marginal utility probably: a. continues to increase as larger ... (Read 54 times)

azncindy619

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on: Jun 30, 2018
For most goods and most people, marginal utility probably:
 a. continues to increase as larger quantities are purchased.
  b. declines as consumption increases.
 c. plummets after the first few units but soon begins to rise.
  d. is negative after the first unit of a good is purchased.

Question 2

Which of the following goods is likely to have a derived demand?
 a. Tractor
  b. T-shirt
  c. Italian food
  d. Residential buildings
  e. Cigarettes


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abro1885

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


azncindy619

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

dyrone

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Reply 3 on: Yesterday
Wow, this really help

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