The total utility from consuming five donuts is 9,19,30,38,and 45 utils,respectively.Marginal utility begins to diminish after consuming the ____ donut.
A) first
B) second
C) third
D) fourth
Correct Answer:
Verified
Q23: As an individual consumes more of a
Q24: Total utility:
A) generally diminishes as consumption of
Q25: The law of diminishing marginal utility states
Q26: Higher indifference curves represent lesser satisfaction.
Q27: For Brent,if the marginal utility of sleeping
Q29: The budget line is downward sloping,reflecting the
Q30: If two commodities are perfect complements,the indifference
Q31: The total utility from consuming five cups
Q32: If Tom purchases and consumes an entire
Q33: Reduction in quantity demanded of a good
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents