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picture1_Quiz Unit 4 Answers(1)


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File: Quiz Unit 4 Answers(1)
Unit 4. Consumer choice Quiz 1. According to the principle of diminishing marginal utility, A. marginal utility remains the same B. total utility remains the same C. marginal utility decreases ...

icon picture PDF Filetype PDF | Posted on 12 Oct 2022 | 2 years ago

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...Unit consumer choice quiz according to the principle of diminishing marginal utility a remains same b total c decreases with each additional good that is consumed d and both decrease e declines answer personal ascending every but increment in less you have roubles per week available spend as wish on commodities x y price these quantities now buy your evaluation provided by are follows bought for maximum satisfaction assuming should more quantity remain present position s budget totally spent two it so situated at point where slope constraint line tangent indifference curve see graph below increase level has u suppose her consumption when rises which following most likely explanation this behaviour goods substitutes an inferior income effect dominates substitution shirts shoes diagram above given represents higher n normal substitute complement giffen goes up no changes either will cause pivot becomes flatter shift inward steeper outward none do not affect only its intercepts axes mr sm...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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Posted on: 12 Oct 2022 | 2 years ago
										
										
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