Economics WAEC

The law of diminishing marginal utility applies to a?

A. firm which minimizes cost
B. consumer who maximizes satisfaction
C. producer who maximizes marginal product
D. consumer who minimizes total utility

Correct Answer: Option B

B. consumer who maximizes satisfaction

AddThis Website Tools
Sunday

Share
Published by
Sunday
Tags: economics
5 years ago

Recent Posts

TEE 239 Theory Questions: Halliday’s Functions of LanguageTEE 239 Theory Questions: Halliday’s Functions of Language

TEE 239 Theory Questions: Halliday’s Functions of Language

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

2 days ago
TEE 239 Theory Questions: Functions of English in NigeriaTEE 239 Theory Questions: Functions of English in Nigeria

TEE 239 Theory Questions: Functions of English in Nigeria

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

2 days ago
TEE 239 Theory Questions: Innatist Theory and Mentalist Thought ​TEE 239 Theory Questions: Innatist Theory and Mentalist Thought ​

TEE 239 Theory Questions: Innatist Theory and Mentalist Thought ​

200 Level Language Acquisition Proces exam questions and detailed answers. Download the answers in document format.…

2 days ago
TEE 239 Theory Questions: Language Acquisition and LearningTEE 239 Theory Questions: Language Acquisition and Learning

TEE 239 Theory Questions: Language Acquisition and Learning

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

2 days ago
TEE 206 Theory Question: Lesson Plan for SS2 StudentsTEE 206 Theory Question: Lesson Plan for SS2 Students

TEE 206 Theory Question: Lesson Plan for SS2 Students

200 Level English Language And Literature Methods exam questions and detailed answers. Download the answers in document…

2 days ago
TEE 206 Theory Questions: Teaching Literature in SchoolsTEE 206 Theory Questions: Teaching Literature in Schools

TEE 206 Theory Questions: Teaching Literature in Schools

200 Level English Language And Literature Methods exam questions and detailed answers. Download the answers in document…

2 days ago