Question: Fill in the blanks using the number corresponding to the correct word or phrase in the word bank below: table [ [ 1 .
Fill in the blanks using the number corresponding to the correct word or phrase in the word bank below:
table Total, increase decrease,marginal
Suppose Juan's MUP for swimming lessons is and it is for dance lessons, to maximize utility Juan should consumption of swimming lessons
When price of a good increases the marginal utility per dollar will Jairo consumes two goods, movies and rooks if the MUP for movies is while MUP for books is then Jairo should the consumption of movies.
The law of diminishing marginal utility states that marginal utility will as a consumer increases the quantity consumed of the product.
The overall satisfaction a consumer gets from consuming a good or service is utility.
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