Ask Question
BusinessBusiness
15 February, 13:24

When diminishing marginal utility starts happening as a person consumes more and more of a given good rev: 04_09_2018 Multiple Choice total utility will decrease at a diminishing rate. total utility will increase at a diminishing rate. marginal utility will increase at a diminishing rate. total utility will become negative.

+1
Answers (1)
  1. 15 February, 15:42
    0
    The correct answer is letter "B": total utility will increase at a diminishing rate.

    Explanation:

    Marginal utility refers to the additional benefit or satisfaction gained from consuming one more unit of a good or service. People buy when marginal utility is greater than marginal cost, and they do not buy when marginal utility is less than marginal cost.

    There is positive and negative marginal utility. Positive marginal utility occurs when additional items are being bought and, as a result, increases the total utility at a diminishing rate. On the other hand, the negative marginal utility takes place when the additional item purchased decreases the total utility at an increasing rate.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When diminishing marginal utility starts happening as a person consumes more and more of a given good rev: 04_09_2018 Multiple Choice total ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The $10.00 million mutual fund Henry manages has a beta of 1.05 and a 9.50% required return. The risk-free rate is 4.20%. Henry now receives another $5.00 million, which he invests in stocks with an average beta of 0.65.
Answers (1)
Kraus Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet. The Rolling Department received 4,000 tons from the Casting Department in October.
Answers (1)
Emerson Inc. would like to undertake a policy of paying out 45% of its income. Its latest net income was $1,250,000, and it had 225,000 shares outstanding. What dividend per share should it declare?
Answers (1)
In order for a company to achieve a sustainable competitive advantage, it must: a. perform one or more activities in the value chain at the same quality level as its competitors. b. perform at lower quality and higher cost than competitors. c.
Answers (1)
Which of the following is not a prohibited escrow-related activity? An escrow agent cannot disburse a real estate broker's commission prior to closing of the escrow.
Answers (1)
New Questions in Business
If the management decision problem is: "should a new product be introduced?" what is the most appropriate marketing research problem?
Answers (1)
What kind of firm acts as an expert in finding locations, securing dates, scheduling activities, and pulling together teams of facilities managers, caterers, security people, entertainers, and celebrities.
Answers (1)
A sole proprietor of a farm implement store sold a truck for $15,000 that had been used to make service calls. the truck cost $30,000 three years ago, and $21,360 depreciation was taken.
Answers (1)
Cinnamaldehyde is one of the primary constituents of cinnamon oil and contributes significantly to the odor of cinnamon. starting with benzaldehyde, identify reagents that you would use to prepare cinnamaldehyde.
Answers (1)
The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $216,970 Selling expenses 72,480 Administrative expenses 38,320 Sales 461,640 Finished goods inventory, January 1
Answers (1)
Home » Business » When diminishing marginal utility starts happening as a person consumes more and more of a given good rev: 04_09_2018 Multiple Choice total utility will decrease at a diminishing rate. total utility will increase at a diminishing rate.
Sign Up Forgot Password?