If the First Four Units of a Good Consumed Have

question 71

Multiple Choice

If the first four units of a good consumed have marginal utilities of 8, 4, 2, and 1, respectively, this trend is an indication of the:

• A) law of consumer equilibrium.
• B) law of diminishing marginal utility.
• C) law of diminishing consumer surplus.
• D) law of supply.

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