As a person receives more of a good, the _______________ from each additional unit of the good declines.
A) utility
B) sunk costs
C) marginal utility
D) budget constraint
Correct Answer:
Verified
Q1: The lesson of _ is to forget
Q2: Gomer decides to spend an hour playing
Q3: Scarcity implies that:
A) consumers would be willing
Q5: The model that economists use for illustrating
Q6: Most choices involve _, which involves comparing
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Q8: The general pattern that consumption of the
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Q10: The slope of the _ is determined
Q11: Marginal thinking is best demonstrated by:
A) choosing
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