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The law of diminishing marginal utility or satisfaction states that each additional unit of a product consumed will increase total satisfaction at what rate?

The law of diminishing marginal utility states that the total satisfaction derived from each additional unit of a product consumed decreases as more units are consumed. This means that the rate at which total satisfaction increases diminishes with each additional unit consumed.


Which phase consumes the maximum effort in waterfall model for developing a software product and why?

The testing phase consumes the maximum effort in waterfall model.


How does a system at equilibrium respond to the addition of more product?

Le Chatelier's Principle states that a system at equilibrium will shift to counteract the change imposed on it. If more product is added, the system will shift in the direction that consumes the additional product to restore equilibrium.


Which animal product is least efficient at converting feed consumed into the final product?

beef


What is the product most consumed by people worldwide?

Air.


What is the rule stating that more of a product will be consumed at a lower price and less will be consumed at a higher price?

Law of demand


Gross national product minus the capital consumed producing the GNP?

Net National Product


What product is consumed most by US consumers?

water s the most bouht product in the world!


What is marginal revenue product?

Marginal revenue product is the additional profit a firm gains when it hires an additional worker.


What is the relation between a house and agriculture?

House is the place where all the agriculture product were consumed and the agriculture is the field where we repay for what we consumed..


When all the product or service brought to market is consumed the price for the product or service is considered to be a?

rising price


How fast does windex kill you?

Windex is a cleaning product that is not meant to be ingested and can be harmful if consumed. Ingesting Windex can potentially cause serious injury or be fatal, depending on the quantity consumed and the individual's health condition. It is important to seek immediate medical help if someone has ingested Windex.