Title: According to the law of diminishing marginal utility, the marginal utility for a particular product Post by: banggedung on Mar 3, 2019 Question 1. Refer to the above table. In examining the utility schedules for Michael and Rosie, we can conclude that • they like movies the same. • Michelle likes movies more than Robert does. • they both received the same satisfaction from watching the fourth movie. • they like the third movie the same. Question 2. According to the law of diminishing marginal utility, the marginal utility for a particular product• remains constant as long as the product is still considered useful. • remains constant, regardless of how much of the product is consumed. • decreases as more of the product is consumed. • increases as more of the product is consumed. Title: According to the law of diminishing marginal utility, the marginal utility for a particular product Post by: NicoleLove on Mar 3, 2019 Content hidden
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