C-03-Q021mediumsingle_mcq
Which of the following is NOT a condition for the Law of Diminishing Marginal Utility to apply?
Which of the following is NOT a condition for the Law of Diminishing Marginal Utility to apply?
- athe consumer is rational
- bthe consumer's income, taste, and preferences change frequently
- cprice equals marginal utility
- dconsumption occurs over a specific time period