The Law of Diminishing Marginal Utility Refers to

question 20

Multiple Choice

The law of diminishing marginal utility refers to

• A) a consumer's decrease in total satisfaction as she consumes more units of a good.
• B) a consumer's decrease in additional satisfaction as she consumes more and more units of a good.
• C) the idea that total utility is negative.
• D) the idea that marginal utility is negative.

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A numerical representation of a quantity on a continuous spectrum, encompassing all rational and irrational numbers.

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An algebraic expression that contains a square root, cube root, or any other higher root.

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