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 104 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?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

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?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

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.

Occupational Prestige: How The United States Compares With Sixty Countries Occupational Prestige: How The United States Compares With Sixty Countries
Countries of Origin of Unauthorized Immigrants to the United States Countries of Origin of Unauthorized Immigrants to the United States
Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ... Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ...
Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ... Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ...
Nuts are also a good source of dietary fibre Nuts are also a good source of dietary fibre
Survivorship curves for people in the United States in the early 20th and early 21st centuries Survivorship curves for people in the United States in the early 20th and early 21st centuries
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library