The Notion of Diminishing Willingness to Pay Reveals That As____________

question 34

Multiple Choice

The notion of diminishing willingness to pay reveals that as____________.

• A) units consumed increases, willingness to pay for additional units increases
• B) units consumed increases, willingness to pay for additional units stays the same
• C) units consumed increases, willingness to pay for additional units decreases
• D) ability to pay increases, the number of units consumed increases

---

Definitions:

Upgrade Cost

The expenses associated with improving or enhancing an existing product, service, or infrastructure.

Obsolete Desk Calculators

Refers to desk calculators that are no longer used or considered outdated due to advances in technology.

Financial Advantage

The benefit achieved in economic terms that contributes to the financial health of a company or individual.

Alternative B

A second option or scenario often considered in decision-making processes or strategic planning.