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

Author Question: The law of diminishing marginal utility states that as you consume more and more of a good, other ... (Read 92 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pangili4

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

C


Melani1276

  • Hero Member
  • *****
  • Posts: 516
Reply #2 on: Jul 1, 2018
Thank you


pangili4

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Phacopid trilobite, Devonian age, Ohio, United States Phacopid trilobite, Devonian age, Ohio, United States
The United States, 1819 The United States, 1819
Prevalence of Diabetes in the United States Based on Age and Sex Data from the American Diabetes ... Prevalence of Diabetes in the United States Based on Age and Sex Data from the American Diabetes ...
Execution in the United States Execution in the United States
Approximately 40 percent of farmers in the United States are 55 years old or older Approximately 40 percent of farmers in the United States are 55 years old or older
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library