Ask Question
28 July, 04:26

The general pattern that consumption of the first few units of any good tends to bring a higher level of utility to a person than consumption of later units is known as : A. Law of Diminishing Marginal Utility B. Marginal Analysis

+1
Answers (1)
  1. 28 July, 04:42
    0
    Law of Diminishing Marginal Utility

    Explanation:

    The Law Of Diminishing Marginal Utility states that all things being equal as consumption rises the marginal utility derived from additional unit of consumption falls.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The general pattern that consumption of the first few units of any good tends to bring a higher level of utility to a person than ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers