1.Diminishing marginal utility refers to

1. Explain briefly the following concepts.A) Utility B) Indifference curve C) Law of diminishing marginal utility D) Budget line
1. 1 answer
2. 124 views
The law of diminishing marginal utility states that at some point, a person's marginal utility from additional consumption
1. 1 answer
2. 215 views
what is diminishing marginal utility mean?
1. 1 answer
2. 162 views
Write a short note on assumptions of ordinal utility approachRationality Transitivity Ordinal utility Non satiety Diminishing
1. 1 answer
2. 104 views
Define the term diminishing marginal utility
1. 1 answer
2. 76 views
1.Diminishing marginal utility refers to the fact thata. demand declines as income falls. b. additional satisfaction declines as
1. 3 answers
2. asked by Candace
3. 706 views
Consumer optimum requires that consumers make purchases so for that the last dollar spent on all goods, the ratio of marginal
1. 1 answer
2. asked by AOL
3. 183 views
Quantity of goods consumed.1 2 3 4 5 6 Total utility 0 10 16 _ 23 23 Marginal utility 0 10 4 _ 1 _ A) complete the above table
1. 1 answer
2. asked by Winnie faith
3. 256 views
explain how the principle of diminishing marginal utility is related to the downward sloping demand curve?
1. 0 answers
2. asked by AJ
3. 428 views
how is marginal utility found?Marginal utility is the change in total utility divided by the change in the quantity consumed of
1. 0 answers
2. asked by Keela
3. 573 views