The Additional Pleasure or Satisfaction from a Good Declines as More

question 98

Multiple Choice

The additional pleasure or satisfaction from a good declines as more of it is consumed in a given period.This is the definition of the

• A)Law of demand.
• B)Law of diminishing marginal utility.
• C)Law of diminishing total utility.
• D)Total revenue rule.

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Definitions:

Energy And Water

Essential resources for business operations, often targeted for conservation efforts to reduce costs and support sustainability.

Greenhouse Gases

Gases in Earth's atmosphere that trap heat, contributing to global warming and climate change.

Corporate Social Responsibility

A business model that integrates self-regulatory mechanisms into a company's operations, ensuring its activities align with societal, environmental, and ethical standards.

Transportation Costs

Expenses associated with the movement of goods or materials from one location to another.