The law of diminishing marginal utility applies to a
ECONOMICS
WAEC 2012
The law of diminishing marginal utility applies to a
- A. firm which minimizes cost
- B. consumer who maximizes satisfaction
- C. producer who maximizes marginal product
- D. consumer who minimizes total utility
Correct Answer: B. consumer who maximizes satisfaction
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *