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8. are the made by us as to which or services to consume. 9. A is one who demand and 10. Consumer are the that
8. are the made by us as to which or services to consume. 9. A is one who demand and 10. Consumer are the that yield directly to any Budget consumption products consumers Income indifference combinations goods Satisfaction successive utility diminishes choices surplus service total willing rate marginal commodity additional preferences payPart 111 Fill in the blank spaces provided using the words provided below. 1. A or possibility line shows the various combinations of two that can be purchased by the with his or her given the price of the products. which give 2. The curve represents all the of two equals to a consumer. 3. This means that of more successive units of the same good increases total but at a decreasing because marginal utility amount that 4. Consumer is the difference between the we are able to for a good or and the amount that we actually for that or service. 5. The utility of a is the increase in utility or derived from the of an or extra unit such it is the loss of or if one less is consumed 6. Our total usually increase as we consume more and more of a or but generally the increase is at a slower or declining 7. Utility is also measure by how much a is willing to for a good or
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