Multiple Choice
The decline in additional satisfaction received as more and more units of a commodity are consumed (the consumption of other commodities held constant) is known as the law of
A) consumer demand.
B) nature.
C) declining desire.
D) supply and demand.
E) diminishing marginal utility.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: An equilibrium market basket is one that<br>A)
Q2: A rising marginal cost curve below the
Q4: The change in total variable cost for
Q5: A payment for resources purchased by a
Q6: Cost functions show<br>A) that one of the
Q7: The following question are based on the
Q8: In the previous question,if marginal cost for
Q9: The additional satisfaction received from consuming an
Q10: The law of diminishing marginal utility implies
Q11: The following question are based on the