11:49 .. '5?) -4 A rm that can inuence the * 0 points market price of its output can be classied as O PERFECT MARKET O IMPERFECT MARKET Stage in the production * 2 points function where all product curves are decreasing and that total output starts falling even as the input is increased This law states that "as a * 2 points person consumes more of a given commodity, the marginal utility will eventually tend to decline." 0 Law of Consumer Demand 0 Law of Diminishing Marginal Utility 0 Law of Diminishing Returns 0 Law of Increasing Marginal Utility G This is a required question Marginal Utility is the entire * 2 points amount of satisfaction derived from consuming an additional unit. As the level of output * 2 points increases, total cost of the rm also increases Stage in the production * 2 points