The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3

-The law of diminishing marginal utility states that as additional units are consumed, satisfaction per unit will decline.

Question

The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3
 
-The law of diminishing marginal utility states that as additional units are consumed, satisfaction per unit will decline.

Quizplus · Accepted Answer

The Answer of The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3
 
-The law of diminishing marginal utility states that as additional units are consumed, satisfaction per unit will decline.

The Below Figure Shows the Various Combinations of the Goods