Question
In: Economics
What mathematical property describes a good that you get tired of consuming as you consume more...
What mathematical property describes a good that you get tired of consuming as you consume more of it?
Diminishing marginal utility
Negative marginal utility
Positive marginal utility
Increasing marginal utility
Solutions
Expert Solution
"A"
Diminishing marginal utility defines that if we go on cosuming a goods after a point we will stop consuming it because we do not get any more benefit from it.
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