Law of diminishing marginal utility is based on the assumption that a. Tastes change over time b. Consumption is continuous c. Different units of goods consumed are homogeneous Of these statements: A.Only a is true B.a and c are true C.b and c are true D.All are true

Law of diminishing marginal utility is based on the assumption that
a. Tastes change over time
b. Consumption is continuous
c. Different units of goods consumed are homogeneous
Of these statements:
A.Only a is true
B.a and c are true
C.b and c are true
D.All are true
by

1 Answer

Answer :

D.All are true
by

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Last Answer : zero

When marginal utility is zero, the total utility is (1) Minimum (2) Increasing (3) Maximum (4) Decreasing

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