The Law of Diminishing Marginal Utility Explains Why

question 115

Multiple Choice

The law of diminishing marginal utility explains why

• A)supply curves slope upward.
• B)demand curves slope downward.
• C)addicts can never get enough.
• D)people will only consume their favorite goods and not try new things.

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Definitions:

P2P Activity

Refers to peer-to-peer activities, which involve direct interactions between users or devices over the internet for sharing files, data, or resources without using a central server.

Sales Taxes

Taxes imposed by governments on the sale of goods and services, typically calculated as a percentage of the selling price.

Amazon

An international e-commerce and cloud computing company known for its vast online marketplace, digital streaming services, and AI technology.

Ship-to-Store

A retail strategy that allows customers to order products online and have them shipped to a local store for pickup, often reducing shipping times and costs.