Examlex

Solved

At the Constitutional Convention,the Plan to Create a Congress Where

question 113

Multiple Choice

At the Constitutional Convention,the plan to create a Congress where representation was distributed according to population was called the


Definitions:

Diminishing Marginal Utility

The principle that as a person increases consumption of a product, there is a decline in the additional satisfaction obtained from consuming one more unit.

Utility

A measure of satisfaction or pleasure that a consumer receives from consuming goods and services.

Marginal Utility Curve

A graphical representation showing the relationship between the quantity of a good consumed and the marginal utility (satisfaction) derived from it.

Negative

Refers to a detrimental or adverse condition, effect, or impact.

Related Questions