Asked by Abdul Rahman Aljajah on Jul 03, 2024
Verified
Assuming that diminishing marginal utility applies to both pomegranates and bananas,if Vanessa buys more pomegranates and fewer bananas,the _____ utility of pomegranates will _____,and the _____ utility of bananas will _____.
A) marginal;fall;marginal;rise
B) marginal;rise;marginal;fall
C) total;fall;marginal;rise
D) marginal;rise;total;rise
Diminishing Marginal Utility
Diminishing Marginal Utility is the principle stating that as a person increases consumption of a product, there is a decline in the marginal utility that person derives from consuming each additional unit of that product.
Pomegranates
A fruit with a tough outer layer that contains sweet-tart arils, which are edible seeds surrounded by juicy pulp.
Bananas
A type of elongated, edible fruit produced by various kinds of large herbaceous flowering plants in the genus Musa.
- Grasp the principle of diminishing marginal utility and its implications for consumption decisions.
Verified Answer
Learning Objectives
- Grasp the principle of diminishing marginal utility and its implications for consumption decisions.
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