Which of the Following Best Describes the Principle of Diminishing

question 88

Multiple Choice

Which of the following best describes the principle of diminishing marginal utility? As an individual consumes more of a good:

• A) the total utility obtained will eventually fall.
• B) the total utility obtained will eventually become negative.
• C) the addition to total utility obtained from the nth unit of the good will be less than that obtained from the immediately preceding unit of the good.
• D) the marginal utility will eventually become negative.

---

Definitions:

Flavour

The distinctive taste of a food or drink, perceived by the sense of taste and smell.

Political Party

An organized group of people with at least roughly similar political aims and opinions, seeking to influence public policy by getting its candidates elected to public office.

Income Brackets

Categories defined by ranges of income levels, often used for statistical analysis and tax purpose.

Affiliations

Connections or associations with a group, organization, or individual based on shared interests or goals.