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Question
The law of diminishing marginal utility implies thata. as people consume more and more goods, their happiness diminishes.
b. a person's satisfaction declines as more and more of a particular good is consumed.
c. a person's satisfaction rises indefinitely as additional units of a commodity are consumed.
d. increases in a person's satisfaction eventually decline as more and more units of a commodity are consumed.
e. as a person's income rises, consumption of all commodities falls.
Answer
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Related questions
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Q:
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Q:
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0 1
4 2
7 3
9 4
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