I'm doing an Economics graduate course, having never previously studied Economics, so struggling a little with some of the (more basic!) concepts.
Assuming we have two good, q and s, and a concave utility function U which is increasing in both goods, as q (or s) tend towards infinity, does U tend to some number? My understand is that eventually any increase is q (or s) will only provide a very minimal, incremental increase in U. Is this correct?
No doubt I'll have some other (possibly silly!) questions again very soon!
Many thanks in advance.
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