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Cheewy Cheewy
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6 years ago
What does the law of diminishing marginal utility posit?
A) As a person consumes decreasing quantities of a given good, the pleasure she derives from it increases.
B) As a person consumes increasing quantities of a given good, the pleasure she derives from it increases, but at a decreasing rate.
C) As a person consumes increasing quantities of a given good until he is satisfied.
D) As a person consumes increasing quantities of a given good, he must produce more to afford it.
E) Over time, and through experience, people learn what quantities of a given good give them the greatest pleasure.
Textbook 
The World Economy: Resources, Location, Trade and Development

The World Economy: Resources, Location, Trade and Development


Edition: 5th
Authors:
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VedmVedm
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6 years ago
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Cheewy Author
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6 years ago
Good timing, thanks!
smdavis
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Yesterday
this is exactly what I needed
sudenzia
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2 hours ago
This helped my grade so much Perfect
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