In order to maximize its profit, a single-price monopoly produces the amount of output so that

For many developing countries, natural resources or agricultural commodities make up a ________ share of exports

A) large B) moderate C) nonexistent D) small E) insubstantial

There are few laws in economics. One is this: "As consumption of a good increases, the extra satisfaction received from consuming an additional unit of the good decreases.". This is known as the law of

a. demand b. diminishing total utility c. diminishing marginal utility d. diminishing marginal returns e. total utility