The law of diminishing marginal utility state that, the m...
The law of diminishing marginal utility state that, the more a commodity is consumed the
Higher the satisfaction derived from an additional unit
Higher the price to be paid
Lower the quantity supplied
Lower the rate of increase in the total utility derived
Lower the rate of increase in the total utility derived
Correct answer is D
No explanation has been provided for this answer.
The need to construct a scale of preference is necessitated by ...
Who controls a limited liability company? ...
In the firm's production process, marginal cost ...
The difference between the Gross Domestic Product and the Gross National Product is ...
The firm portrayed selling in ...
Which of the following is a determinant of elasticity of supply? ...
Economist speaks about ‘opportunity cost’ when a consumer ...