The slower the marginal utility declines as more of a good is consumed the:

A. larger the opportunity cost of the good.
B. smaller the elasticity of demand.
C. smaller the opportunity cost of the good.
D. greater the elasticity of demand.

Answer: D

Economics

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The difference between a firm's total revenue and what must be paid to attract resources from their best alternative use is called

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Say's law promises that each and every firm in the economy will be able to sell all of the particular output it produces

a. True b. False

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