Respuesta :
(a) According to the law of diminishing marginal utility, as more of a product is consumed, the amount of extra happiness decreases. the amount of extra happiness increases.
(b) If a consumer purchases more of a good as the price falls, we can assume that the consumer's marginal utility has also fallen.
- According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person.
- Consuming increasing quantities of a good gives economic actors less and less pleasure.
- Although marginal utility tends to decline with consumption, depending on the good consumed, it may or may not ever approach zero.
- The concept of marginal utility is helpful in describing how consumers choose products and services to maximize their financial resources.
What is the law of diminishing marginal utility?
- According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.
- The incremental improvement in utility brought on by consuming one more unit is known as marginal utility.
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