Dilla University
Department of Economics
Introduction to economics
Assignment for Natural science students (20%)
1. What is consumer preference? What is the meaning of utility? Explain them.
2. What are the two approaches of utility? Explain them with their assumptions.
3. What are total utility and marginal utility? Explain them.
4. What is the law of diminishing marginal utility? Explain it by using example
Sewuinet, Y. & , Y (2024). Introduction to economics - Assignment for Natural science students. Afribary. Retrieved from https://afribary.com/works/intro-assignment-1
Sewuinet, Yirga, and Yirga "Introduction to economics - Assignment for Natural science students" Afribary. Afribary, 19 Nov. 2024, https://afribary.com/works/intro-assignment-1. Accessed 21 Dec. 2024.
Sewuinet, Yirga, and Yirga . "Introduction to economics - Assignment for Natural science students". Afribary, Afribary, 19 Nov. 2024. Web. 21 Dec. 2024. < https://afribary.com/works/intro-assignment-1 >.
Sewuinet, Yirga and , Yirga . "Introduction to economics - Assignment for Natural science students" Afribary (2024). Accessed December 21, 2024. https://afribary.com/works/intro-assignment-1