Close sidebar

What is marginal utility Curve shape ?

A)Downward sloping left to right b)Initally upward , eventually start decline c)U shaped d) None of these

  • Rajat
  • 5887 Views
  • 18 Answers
  Answer
18 Answers

  • a

    0

  • . Downward slopping from left to right.br /The laws of demand and diminishing marginal utility combine to produce demand curves that predictably flow downward from left to right. The actual market price for a good may change, and that will trigger a change in the number of units sold, but the relationship between demand and price will remain constant—prices and demand will shift in sync with one another along the demand curve.br /strongThe law of diminishing marginal utility explains the downward sloping demand curve/strongbr /br /strongDefinition /strongbr /According to Marshall, “The additional benefit a person derives from a given increase of his stock of a thing diminishes with every increase in the stock that he already has”.

    0

  • a

    0

  • d

    0

  • downward sloping

    0

  • A

    0

  • a

    0

  • C

    0

  • U shaped

    0

  • u shaped

    0

  • A

    -1

  • c

    -1

  • c

    1

  • c

    1

  • c

    1

  • b

    -1

  • c

    7

  • A

    0
  Other Related Discussions
Ask a Question
Practice Mock Test
cpt - common proficiency test
Youth4work © 2024