The Law of Diminishing Marginal Utility explains:
A) why we consume a variety of food
B) why there are automatic checkout lanes at a grocery dtore
C) why more is preferred to less
D) scarcity
Correct Answer:
Verified
Q5: Two indifference curves for a given consumer:
A)
Q6: The traditional convex indifference curve that is
Q7: If an indifference curve intersects a budget
Q8: The tangency of an indifference curve and
Q9: If you are eating pizza at a
Q11: A rational individual would never:
A) drive a
Q12: When an economist says that an apple
Q13: An economist should never:
A) make value judgements
Q14: If the price of gasoline increases significantly
Q15: An increase in the per capita income
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