This work of ECO 204 Week 1 Discussion Question 2 Marginal Utility comprises:
Suppose that you observe that total utility rises as more of an item is consumed. What can you say for certain about marginal utility? Can you say for sure that it is rising or falling or that it is positive or negative? When does the law of diminishing marginal utility set in and what does this illustrate about where you should stop consuming if you were eating at an all you can eat buffet? Respond to at least two of your fellow students
Place an order in 3 easy steps. Takes less than 5 mins.