The Principle of Diminishing Marginal Utility Says That

question 51

Multiple Choice

The principle of diminishing marginal utility says that

• A) as more of a good or service is consumed, demand will decrease.
• B) as more of a good or service is consumed, the price will rise.
• C) the marginal utility of additional units consumed will increase.
• D) the marginal utility of additional units consumed will decline.

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Definitions:

Dilator Pupillae Muscle

A muscle in the eye that controls the widening of the pupil to adjust the amount of light entering the eye.

Aqueous Humor

A clear, watery fluid located in the eye between the lens and the cornea, providing nutrients and maintaining eye pressure.

Vitreous Humor

A clear gel that fills the space between the lens and the retina of the eyeball, helping it maintain shape.

Refraction

Bending of a light ray when it passes from one medium into another of different density.