11 The total is decreasing when
Marginal is negative
12 Satisfaction is most closely related to
Utility
13 What does the term marginal in economics actually means?
Additional
14 Why Demand Curve slopes downward?
Beacause of the law of Diminishing Marginal Utility
15 What restricts a consumer’s spending?
Budget constraint
16 The second name of Law of Substitution is
Law of Equi-Marginal Utility
17 The law of Equi-Marginal Utility is a
Law of Consumption of wealth
18 Total Utility increases when
Marginal Utility is positive
19 The basis of law of demand is
Diminishing Marginal Utility
20 Total Utility is maximum when
When Marginal Utility = 0
