2 years ago

Who determines how much utility an individual will receive from consuming a good?

1 answer:

4 0

Answer:

Individuals are the only judge of their own utility. In general, greater consumption of a good brings higher total utility. However, the additional utility received from each unit of greater consumption tends to decline in a pattern of diminishing marginal utility.

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B. As a risk-averse investor

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3 years ago

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