Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8.the law of diminishing marginal utility is a.a result of rising marginal costs b.none of the available options is correct c.the principle that the extra

8.the law of diminishing marginal utility is

a.a result of rising marginal costs

b.none of the available options is correct

c.the principle that the extra satisfaction pf a good or service increase as people consume in a given period

d.the principle that the extra satisfaction of a good or service declines as people consume more in a given period

e.the reason that price discrimination is so effective

image text in transcribed
The law of diminishing marginal utility is O a result of rising marginal costs. O None of the available options is correct O the principle that the extra satisfaction of a good or service increases as people consume more in a given period. O the principle that the extra satisfaction of a good or service declines as people consume more in a given period. O the reason that price discrimination is so effective

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics Principles and Applications

Authors: Robert e. hall, marc Lieberman

5th edition

1111397465, 9781439038970, 1439038988, 978-1111397463, 143903897X, 9781439038987, 978-1133265238

More Books

Students also viewed these Economics questions

Question

=+1. What is the role of the financial system?

Answered: 1 week ago