The law of diminishing marginal utility states that:
a. total utility decreases as consumption of a good increases
b. total utility increases as consumption of a good increases.
c. the increase in total utility from consuming an additional unit decreases as consumption increases.
d. the increase in total utility from consuming an additional unit increases as consumption increases.
c
Economics
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A person who performs supervisory activities will also be a _____ if she/he is financially responsible for investment and other contracted decisions
a. residual claimant b. director c. shareholder d. financial advisor
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