Question
1- According to the principle of rational choice, if there is diminishing marginal utility: A) and the price received for supplying a good goes up,
1- According to the principle of rational choice, if there is diminishing marginal utility:
A) and the price received for supplying a good goes up, you supply less of that good.
B) and the price received for supplying a good goes up, you supply more of that good.
C) the decision producers face about how much to supply is not affected.
D) after a certain point, even if the price goes up, you don't supply more of that good.
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
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