The law of diminishing marginal utility
1. refers to the decrease in total satisfaction as more units of the good are consumed
2. refers to the fall in additional satisfaction created by consumption of more and more units of a good
3. refers to the idea that total utility is negative

Which of the following statements regarding the learning curve and economies of scale is accurate? answers: just as diseconomies of scale are presumed to exist if a firm gets too large, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.where diseconomies of scale are presumed to exist if a firm gets too large, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.where diseconomies of scale are presumed to exist if a firm gets too small, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.just as diseconomies of scale are presumed to exist if a firm gets too small, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.

Ricardo conducts a survey to learn where consumers get information for buying used cars. this is an example of

Which of the following describes an executive information system (eis)