What happens to extra satisfaction as more units of a good are consumed?
A
Extra satisfaction rises with each additional unit consumed in a period.
B
Extra satisfaction becomes zero with each additional unit consumed in a period.
C
Extra satisfaction remains constant with each additional unit consumed in a period.
D
Extra satisfaction falls with each additional unit consumed in a period.
7.1.2 diminishing marginal utility Flashcards
19 flashcards on CIE Intl A Level Economics 7.1.2 diminishing marginal utility: the key terms and definitions you need to recall.