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pucedog162Lv1
6 Oct 2020
COMPLETE EACH OF THE FOLLOWING SENTENCES [CONCEPT: LAW OF DIMINISHING MARGINAL UTILITY]
(i) Your tastes determine the ............ you derive from consuming a particular good.
(ii) .........utility in the change in ............utility resulting from the change in the consumption of good.
(iii) As long as marginal utility is positive, total utility is ...........
(iv) The law of diminishing marginal utility states that as an individual consumes more of a good during a given period, other things constant,total utility .............
COMPLETE EACH OF THE FOLLOWING SENTENCES [CONCEPT: LAW OF DIMINISHING MARGINAL UTILITY]
(i) Your tastes determine the ............ you derive from consuming a particular good.
(ii) .........utility in the change in ............utility resulting from the change in the consumption of good.
(iii) As long as marginal utility is positive, total utility is ...........
(iv) The law of diminishing marginal utility states that as an individual consumes more of a good during a given period, other things constant,total utility .............
Akhila KumaranLv4
24 Oct 2020
