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Author Question: The law of ________ refers to a consumer's decrease in additional satisfaction as she consumes more ... (Read 251 times)

leo leo

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Question 1

The total amount of satisfaction yielded by the consumption of a good or service is called


◦ total utility.
◦ total demand.
◦ market equilibrium.
◦ maximized behavior.

Question 2

The law of ________ refers to a consumer's decrease in additional satisfaction as she consumes more and more units of a good.


◦ consumer choice
◦ diminishing marginal utility
◦ utility maximization
◦ infinite demand


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Marked as best answer by leo leo on Apr 19, 2019

janieazgirl

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