Comment on the following statement: "Diminishing marginal utility means that total utility falls when an additional unit of a good is consumed."
What will be an ideal response?
That statement is not true. Diminishing marginal utility means that marginal utility falls when an additional unit of a good is consumed.
Economics
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Capital deepening causes ________ in the demand for labor
A) a decrease B) an increase C) no change D) either an increase or decrease
Economics
The textbook asserts that banks create money themselves. How?
A) Banks have their own printing presses, which is permitted by the Fed. B) Banks are allowed to reach well into their required reserves as long as they can demonstrate that it would be profitable to do so. C) Banks, when lending out their excess reserves, unleash a process that can increase the money supply through the deposit expansion multiplier. D) For all of the above reasons.
Economics