Managerial Economics and Ethics - Managerial Economics Quiz
37. A stable equilibrium position is one in which
- Option : C
- Explanation :
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38. Law of diminishing marginal utility states
- A
Utility always diminishes whether something is consumed or not
- B
Total utility diminishes with the consumption of every additional unit
- C
Utility first increases and after that diminishes at every point
- D
The additional benefit which a person derives from a given increase of his stock of a thing diminishes with every increase in the stock that he already has.
- Option : D
- Explanation :
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- Option : B
- Explanation :
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- Option : B
- Explanation :
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