4) Marginal Utility Measures:
Please choose of them:- A. The slope of the indifference curve B. The additional satisfaction from consuming one more unit of a good C. The slope of the budget line D. The marginal rate of substitution
1 Answer - Sort by: Date | Rating
The answer is B. The additional satisfaction from consuming one more unit of a good. It is the extra benefit u derive from consuming an additional unit of that product. It goes down over time.
0
0
- How Successful Is The Uno?
- What Is Religious Leadership?
- What Are Disadvantages Of Prudence Concept?
- What Is Environment Scanning And What Is It Used For?
- How Do You Find Marginal Utility?
- What Is Administration And Society?
- What Are The 3 Classifications Of Roles That Managers Must Fulfill?
- How Is Math Used In Business Management?
- What Are The Risks Incurred By Financial Institutions?
- What Is The Difference Between Glucocorticoids And Mineralocorticoids?
- What Is The Importance Of Management Education In Management Functions For Any Organisation?
- What Is A Pest Or Step In A Business?
- Is Survey Research Explanatory?
- Look Up The Ans To This Ques Stephanie's Bridal Shoppe Sells Wedding Dresses. The Average Selling Price Of Each Dress Is $1,000, Variable Costs $400, And?
- What Is Nominal Group Techniques?
- What Is Engineering Ethics?
- What Is The Importance Of Cost Accounting To Business Management Significance?
- What Makes An Effective Advertisement?
- List Of Fixed Asset That Depreciates?
- What Is Delegation In Management?
- How Much Percentage Do A Business Manager Get?
- Can You Help Me In Making The Questionnaire About The Task Analysis Of A Manager Marketing?
- How Much Tax Does A Limited Company Have To Pay?
- What Is The Scope & Limitation In An Investigatory Project?
- Why Should We Maintain Discipline In Class?
- What Is Marginal Utility?
- What Is Equi-marginal Utility?
- What Is Marginal Utility And The Law Of Diminishing Marginal Utility?
- What Are The Limitations Of The Equi Marginal Utility?
- The Concept Of Marginal Utility Involves What?
- When Total Utility Is At A Maximum, Marginal Utility Is?
- What Does Positive Marginal Utility Imply?
- Can You Explain The Law Of Diminishing Marginal Utility?
- 2) The Law Of Diminishing Marginal Utility States That:
New Comment - Comments are editable for 5 min.