With a given level of money income, a consumer maximizes ...
With a given level of money income, a consumer maximizes satisfaction from the consumption of goods and services when the
Total utility derived from each goods and services is increasing at an increasing rate
Marginal utility derived from each good or service is increasing at the same rate
Marginal utility derived per naira spent is the same for all the goods and services
Total utility derived from all the goods and services is large
Correct answer is C
No explanation has been provided for this answer.
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Expenditure on food takes a large proportion of the incomes of people in ...
Choice is necessary because resources ...
Supply in Economics means making ...
An indication that there is inflation in a country is that ...
Using functional relationship in economics QX = f (px, po, y, T); po stand for ...
The graph of the function X = a + bY is ...
Mr. Patrick’s income is N900 while that of Mr. Shodawe is N1,300. if Mr. Patrick and Shodawe p...