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Author Question: The law of diminishing marginal utility is consistent with the consumer behavior that produces a ... (Read 56 times)

mwit1967

  • Hero Member
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  • Posts: 501
on: Jun 30, 2018
The law of diminishing marginal utility is consistent with the consumer behavior that produces a negatively sloped demand curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following factors will help determine how the costs of social regulation are split between consumers and producers?
 a. The price elasticities of demand and supply
  b. The quantity produced by the firm
  c. The average total costs of the firm before regulation
  d. The number of consumers in the market
  e. The number of producers in the market


vkodali

  • Sr. Member
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  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


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