Economists Refer to This Pattern, the ___________________________________, Which Means That

question 23

Multiple Choice

Economists refer to this pattern, the ___________________________________, which means that as a person receives more of a good, the additional or marginal utility from each additional unit of the good declines.

• A) law of trade-offs
• B) law of diminishing marginal utility
• C) production possibilities frontier
• D) law of increasing marginal utility