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Question
In short run Diminishing Marginal Return are implied by ______
In short run Diminishing Marginal Return are implied by ______
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Solution
The correct option is A rising Marginal cost curve
The Law
Of Diminishing Marginal Utility states that all else equal as consumption increases the
marginal utility derived from each additional unit declines. Marginal utility
is derived as the change in utility as an additional unit is consumed. Utility
is an economic term used to represent satisfaction or happiness The law
of diminishing marginal utility explains that as a person consumes an item or a
product, the satisfaction or utility that they derive from the product wanes as they consume
more and more of that product. For example, an individual might buy a certain type of chocolate for a
while.
The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines. Marginal utility is derived as the change in utility as an additional unit is consumed. Utility is an economic term used to represent satisfaction or happiness The law of diminishing marginal utility explains that as a person consumes an item or a product, the satisfaction or utility that they derive from the product wanes as they consume more and more of that product. For example, an individual might buy a certain type of chocolate for a while.
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