The principle of diminishing marginal satisfaction helps to explain why people increase their rate of savings as their incomes rise
Indicate whether the statement is true or false.
TRUE
You might also like to view...
In Troix City, the learning rate is based on a tripling of output instead of the traditional doubling. The first unit of a long production run was produced in 25 hours. The process has an estimated learning rate of 80 percent
How long will the 9th unit take to produce? A) 22 hours B) 20 hours C) 18 hours D) 16 hours
Which of the following statements about hospice benefits under the hospital insurance (Part A) portion of Medicare is (are) true?
I. To become eligible for hospice care, a patient must first receive inpatient care for at least 10 consecutive days. II. Hospice benefits are provided to persons who are terminally ill. A) I only B) II only C) both I and II D) neither I nor II