Ask Question
20 February, 06:17

The general pattern that consumption of the first few units of any good tends to bring a higher level of utility to a person than consumption of later units is known as : A. Law of Diminishing Marginal Utility B. Marginal Analysis

+1
Answers (1)
  1. 20 February, 09:59
    0
    Law of Diminishing Marginal Utility

    Explanation:

    The Law Of Diminishing Marginal Utility states that all things being equal as consumption rises the marginal utility derived from additional unit of consumption falls.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The general pattern that consumption of the first few units of any good tends to bring a higher level of utility to a person than ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers