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Use just ONE of the economics terms below and discuss it in terms of how people...

Use just ONE of the economics terms below and discuss it in terms of how people in society treat each other, in other words apply the economic concept to how you see Society operates. Also give an example to help explain your point.

supply and demand

opportunity cost

Diminishing marginal utility

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Answer #1

Ut 15 W more the utility Aurther furent Mehed Diminishing marginal tiling 2 from the marginal utility for the consumption ofS- Exa imple unit of chocolate Total Utility marginal utility 20 2 3 4 s 20 35 45 so 50 YS 35 so 10 5 o -5 -10 6 74. 20 my Curve Utiling 10 X O 3 units of chocolate,

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