menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    The Economy Today Study Set 1
  4. Exam
    Exam 19: Consumer Choice Appendix: Indifference Curves
  5. Question
    The Additional Pleasure or Satisfaction from a Good Declines as More
Solved

The Additional Pleasure or Satisfaction from a Good Declines as More

Question 21

Question 21

Multiple Choice

The additional pleasure or satisfaction from a good declines as more of it is consumed in a given period.This is the definition of the


A) Law of demand.
B) Law of diminishing marginal utility.
C) Law of diminishing total utility.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q16: In the article "Men vs.Women: How They

Q18: If marginal utility is rising,then total utility

Q19: Which of these examples is an example

Q23: An indifference curve shows the<br>A)Maximum utility that

Q24: Which of the following is not held

Q25: If Josh's income increases,then<br>A)His entire budget constraint

Q70: Under what conditions can sellers engage in

Q94: Colleges do not engage in price discrimination

Q96: Utility maximization is always achieved where total

Q116: The rational consumer chooses a combination of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines