A resource becomes more valuable as it becomes more scarce.
Answer:
AbdiRahman Ali Tuur , hope it helps
Answer:
B. The concept of utility.
Explanation:
Utility in economics refers to the amount of satisfaction that a consumer derives from consuming units of a commodity at a particular point in time.
The concept of utility is based on the assumption that the consumer is rational in the sense that he or she aims at maximising utility with limited income.
Also , marginal utility diminishes as a consumer consumes additional units of a commodity.
The correct choice is B
