If total utility increases at a decreasing rate as a consumer consumes more coffee, then marginal utility must
A) remains constant.
B) increase also.
C) decrease.
D) be negative.
Answer: C
Economics
You might also like to view...
If the marginal product of the second worker hired by a firm is 14 units and the price of a unit of output is $7 regardless of the quantity of output sold, then the marginal revenue product of the second worker is
a. $98 b. $14 c. $7 d. $2 e. $21
Economics
Explain the linkages in the causal chain when the Fed conducts a contractionary monetary policy. What will be the ultimate effect on GDP?
Economics