Diminishing Marginal Utility Means That as You Consume More of a Good

question 152

Multiple Choice

Diminishing marginal utility means that as you consume more of a good, other things constant, the:

• A) total satisfaction you obtain from consuming this good falls.
• B) total amount produced falls.
• C) marginal product falls.
• D) additional satisfaction you obtain from each additional unit of the good falls.
• E) total satisfaction you obtain from each extra good becomes constant.

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