Which of the Following Statements Best Explains the Concept of Diminishing

question 88

Multiple Choice

Which of the following statements best explains the concept of diminishing marginal utility?

• A)As I consume additional ice cream cones, each ice cream cone adds more to my total happiness than the previous one.
• B)I must consume ice cream cones until I have a stomach ache.
• C)As I consume additional ice cream cones, each ice cream cone adds less to my total happiness than the previous one.
• D)I must maximize my consumption of ice cream cones.

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