Diminishing marginal utility means total utility is:Multiple choice question.decreasing at a decreasing rate as long as marginal utility is positive.increasing at a decreasing rate as long as marginal utility is positive.decreasing at an increasing rate as long as marginal utility is positive.unchanged.

The law of diminishing marginal utility suggests that:Question 12Select one:a.As an individual consumes more of a good, the additional utility associated with each additional unit of that good remains constant.b.As an individual consumes less of a good, the additional utility associated with each additional unit of that good decreases.c.As an individual consumes more of a good, the additional utility associated with each additional unit of that good increases.d.As an individual consumes more of a good, the additional utility associated with each additional unit of that good decreases.e.Consumer utility is a upward sloping curve.Clear my choice

"Diminishing marginal benefit" implies that when Sally consumes one fewer unit of a good that she likes, her Group of answer choices marginal benefit increases. total benefit increases. income decreases. marginal benefit decreases.

The law of diminishing marginal utility states that, as extra units of a product are consumed within a given period of time, total utility

The law of diminishing marginal productivity states that, as more of a variable input is added to a fixed input, the:Question 5Answera.Marginal product of the variable input will eventually decrease.b.Total product will increase indefinitely.c.Average total cost will decrease.d.Fixed input will become variable.

Diminishing marginal product of labour refers to Group of answer choicesThe increase in the slope of the total product curve as the number of workers increases.When total output decreases at an increasing rate as the number of workers increases.The fall in the addition to total output as the number of workers increases.The fall in the total output as the number of workers increases.