Table 5-1B
Number of coconuts
0
1
2
3
4
Robinson’s marginal utility
C
$2.00
$1.88
$1.60
$1.30
If a graph of Robinson’s marginal utility were constructed from Table 5-1B, it would
A. illustrate the “law” of diminishing marginal utility.
B. be a negatively sloped curve.
C. illustrate a typical consumer’s satisfaction derived from consumption of consecutive units of a good.
D. All of the responses are correct.
Answer: D
Economics
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