If a Person's Utility Function Exhibits Diminishing Marginal Utility, This

question 475

Essay

If a person's utility function exhibits diminishing marginal utility, this means that his or her marginal utility curve is:
A.downward sloping, since each additional unit of the good consumed yields less and less satisfaction.
B.upward sloping, since each additional unit of the good consumed yields more and more satisfaction.
C.downward sloping, since each additional unit of the good consumed yields more and more satisfaction.
D.upward sloping, since each additional unit of the good consumed yields less and less satisfaction.

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