Which Statement BEST Describes the Principle of Diminishing Marginal Utility

question 32

Multiple Choice

Which statement BEST describes the principle of diminishing marginal utility? As an individual consumes more of a good:

• A)the total utility obtained will eventually fall.
• B)the total utility obtained will eventually become negative.
• C)the addition to total utility obtained from the nth unit of the good will be less than that obtained from the immediately preceding unit of the good.
• D)the marginal utility will eventually become negative.

---

Definitions:

Stereotypes

Rigid views of how members of various groups act, regardless of whether individual group members really behave that way.

Social Opinions

Represent the collective or individual beliefs and attitudes of society on various topics.

Labels

Tags or names applied to someone or something for identification or to categorize them based on certain characteristics or qualities.

Typifications

Generalized concepts or perceptions that people use to categorize objects, individuals, or events based on common characteristics.