"The Marginal Utility Received from Each Additional Unit of a Good

question 89

Multiple Choice

"The marginal utility received from each additional unit of a good consumed declines, other things constant." This is a statement of the law of

• A)increasing marginal returns
• B)marginal rate of substitution
• C)supply
• D)diminishing marginal utility
• E)demand

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Definitions:

Ratio Form

A mathematical expression that represents the relationship between two numbers or variables as a fraction.

Average Total Assets

A financial metric that represents the average value of all a company's assets over a specified period.

Return On Assets

This ratio indicates how efficiently a company uses its assets to generate profit, calculated as net income divided by total assets.

Ratio Form

A presentation format for financial statements or equations where components are displayed as a proportion of a whole.