ECO 204 Week 1 DQ 2 - 16020

Solution Detail
Price: $12.00
  • From: Finance,
  • Posted on: Thu 28 Mar, 2013
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

ECO 204 Week 1 DQ 2

Solution Description

Week 1 – Discussion 2

Suppose that you observe that total utility rises as more of an item is consumed. What can you say for certain about marginal utility? Can you say for sure that it is rising or falling or that it is positive or negative? When does the law of diminishing marginal utility set in and what does this illustrate about where you should stop consuming if you were eating at an all you can eat buffet? Respond to at least two of your fellow students’ postings.