The Law of Diminishing Marginal Benefit states that:
A) the demand for a commodity declines as its price increases.
B) the demand for a commodity is more dependent on income than on price.
C) the willingness to pay for an additional unit declines as more of a good is consumed.
D) lower levels of consumption give lower level of utility.
C
Economics
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A) increase; up B) increase; down C) decrease; up D) decrease; down
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As the workforce ages,
A) structural and frictional unemployment increase. B) cyclical unemployment declines. C) cyclical unemployment increases. D) the natural rate of unemployment declines.
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