Diminishing Marginal Utility Means That

question 135

Multiple Choice

Diminishing marginal utility means that

• A) as you consume more of a good, other things constant, the total satisfaction you obtain from consuming this good tends to fall.
• B) as you hire more labor, other things constant, the total amount produced begins to fall.
• C) as you consume more of a good, other things constant, the additional satisfaction you obtain from each additional unit of the good tends to fall.
• D) as you consume more of a good, other things constant, the extra satisfaction you obtain from each additional unit becomes negative.