The law of diminishing marginal utility states that
a. eventually total utility falls as more of a good is consumed, other things constant.
b. the extra satisfaction from consuming a good increases slowly as more of a good is consumed, other things constant.
c. the extra satisfaction from consuming a good decreases as more of a good is consumed, other things constant.
d. when the extra satisfaction from consuming a good becomes negative, total utility starts falling, other things constant.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The law of diminishing marginal utility states that a. eventually total utility falls as more of a good is consumed, other things constant. ...” 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
You Might be Interested in
Prior to recording adjusting entries, the Office Supplies account had a $379 debit balance. A physical count of the supplies showed $104 of unused supplies available. The required adjusting entry is:
Answers (1)
Whole Grain Bakery purchases an industrial bread machine for $21,000. In addition to the purchase price, the company makes the following expenditures: freight, $1,100; installation, $2,200; testing, $600;
Answers (1)
Since Rhonda always pays her bills on time, she has a high credit score. This history of responsible payments will
Answers (1)
Which of the following statements is true about using fonts in business documents? A. Sans serif fonts, such as Arial, are best in business letters and emails. B. Use as many different types of fonts in a business letter as you can. C.
Answers (1)
The balance in Premium on Bonds Payable a. would be added to the related bonds payable on the balance sheet b.
Answers (2)
New Questions in Business
Barr Corp. started a long-term construction project in 20X0. The following data relate to this project: Contract price $4,200,000 Costs incurred in 20X0 $1,750,000 Estimated costs to complete $1,750,000 Progress billings $900,000 Collections on
Answers (1)
Bob contributed a building with an adjusted basis to Bob of $50,000 and a fair market value of $150,000 subject to a mortgage of $120,000 in exchange for a 30 percent interest in the Alpha Partnership. Alpha will assume the mortgage on the building.
Answers (1)
Nareen is single, 68 years old, and reports the following in 2018: a. $12,000 alimony received (divorced in 2010) b. $82,520 Schedule C profit c. $3,500 SEP (self-employed pension) plan contribution d. $7,150 qualified dividends e.
Answers (1)
Sun Inc. has 5,000 shares of 6%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2007. What is the annual dividend on the preferred stock? a. $60 per shareb. $30,000 in totalc.
Answers (1)
a risk averse investor, which of the following four otherwise identical investment would you prefer? A. Security W, which exhibits a standard deviation of 2% and offers an average return of 12%. B.
Answers (1)