What is the key assumption about marginal utility?

What will be an ideal response?

Generally, more consumption gives more utility. A key assumption about marginal utility is that it generally declines as more units of the good are consumed. This assumption is the principle of diminishing marginal utility.

Economics

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Marginal utility must be positive

a. True b. False Indicate whether the statement is true or false

Economics

Other things being equal, the quantity of money that people want to hold can be expected to

Economics