Which of the Following Statements Illustrates Diminishing Marginal Utility

question 36

Multiple Choice

Which of the following statements illustrates diminishing marginal utility?

• A)An extra dollar of income to a poor person provides that person with more additional utility than does an extra dollar to a rich person.
• B)An extra dollar of income to a poor person provides that person with less additional utility than does an extra dollar to a rich person.
• C)An extra dollar of income to a poor person provides that person with the same additional utility as does an extra dollar to a rich person.
• D)An extra dollar of income to a poor person provides that person with the same total utility as does an extra dollar to a rich person.