Categories: Economics JAMB

This table illustrates the law of?
Units of Quality Consumes Total Utility Marginal Utility
0

1

2

3

4

5

 –

10

15

17

18

18

 –

10

5

2

1

0

 

A. Increasing returns
B. Diminishing returns
C. Diminishing marginal utility
D. Increasing total utility

Correct Answer:

Option C = Diminishing marginal utility

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4 years ago

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