Demand And Consumer Behavior Flashcards
(3 cards)
1
Q
Which of the following sets of marginal utilities illustrates the idea of diminishing marginal utility
200, 300, 400, 500
200, 450, 750
200, 250, 270, 280
A
The last one
2
Q
Set of marginal utility figure look like trading the diminishing marginal utility principle?
A
200, 150, 100, 50
3
Q
Total utilities associated with the consumption of 1, 2 and three units of B where to be respectively 100 160 and 200 then the corresponding marginal utility would be
A
100, 60, 40
