The general pattern that consumption of the first few units of any good tends to bring a higher level of utility to a person than consumption of later units is known as : A. Law…

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Jackslash · Answer 1 · 2021-02-24T02:31:27+0000

Answer:

Law of Diminishing Marginal Utility

Step-by-step explanation:

The Law Of Diminishing Marginal Utility states that all things being equal as consumption rises the marginal utility derived from additional unit of consumption falls.

The general pattern that consumption of the first few units of any good tends to bring a higher level of utility to a person than consumption of later units is known as : A. Law…

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