Diminishing marginal benefit:
A) is when buying an additional item yields a larger marginal benefit than the previous item.
B) is when consumers do not follow the rational rule.
C) is not important in determining a consumer's purchase decision.
D) is when buying an additional item yields a smaller marginal benefit than the previous item.
Correct Answer:
Verified
Q14: A rational buyer will:
A)keep buying a product
Q15: The Rational Rule for Buyers
A)compares the total
Q16: Which of the following scenarios depicts a
Q17: The demand curve
(i) is a curve that
Q18: Which of the following would be considered
Q20: Diminishing marginal benefit
A)does not affect a buyer's
Q21: On a hot sweltering day, you feel
Q22: The table shows the monthly individual demand
Q23: The table contains the monthly demand for
Q24: The table shows the monthly individual demand
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