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Author Question: The law of diminishing marginal utility refers to (Read 42 times)

Sportsfan2111

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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
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Marked as best answer by Sportsfan2111 on Apr 19, 2019

AngeliqueG

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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.
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Sportsfan2111

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

patma1981

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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