Introduction to Economics 1 Deneme Sınavı Sorusu #1214118
Which of the following statement correctly represents the law of diminishing marginal utility?
|
as the rate of consumption increases, the total utility will increase at decreasing rate |
|
as the rate of consumption increases, the total utility will decrease at decreasing rate |
|
as the rate of consumption increases, the total utility will decrease at increasing rate |
|
as the rate of consumption increases, the total utility will increase at increasing rate |
|
as the rate of consumption increases, the total utility will be max all the time |
The law of diminishing marginal utility
The law of diminishing marginal utility applies: as the rate of consumption increases, the total utility will increase at decreasing rate or marginal utility derived from consuming additional units of a good will decline.
Yorumlar
- 0 Yorum