The Principle of Diminishing Marginal Utility Says That as You

question 57

Multiple Choice

The principle of diminishing marginal utility says that as you consume more of an item, beyond some point the:

• A) additional units of consumption will yield more units of utility than the previous units.
• B) total satisfaction will decrease.
• C) additional units of consumption will yield fewer additional units of utility than the previous unit.
• D) price of additional units of consumption will be less than the price of the previous unit.

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