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Question 6

The satisfaction derived by an individual from consuming one additional unit of a commodity is known as

  • A.marginal utility
  • B.marginal output
  • C.diminishing utility
  • D.increasing utility
Objective

Question details

Exam body
NDA
Subject
Economics
Year
2014/2015
Question no.
#6
Type
Objective
Previous · Q5Production cost such as rent, depreciation and interest are referred to as Next · Q7 If a factory worker performs only one small operation many times during each…

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