Business, 24.05.2021 22:30 camhappy2005
Marginal utility falls at different rates for different goods. in each example, for each of the two goods, which good would have faster diminishing marginal utility for additional units? For each, explain your reasons why it has a faster diminishing marginal utility.
a. a cold drink on a hot day or a cold drink on a cold day?
b. an additional pet dog or an additional artwork for your home?
c. eating the same food every night or eating different foods
d. buying an additional shirt or buying an additional umbrella
make sure you explain why
Answers: 2
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