Which of the Following Is Descriptive of the Law of Diminishing

question 124

Multiple Choice

Which of the following is descriptive of the law of diminishing marginal utility?

• A)The third hamburger consumed provides less utility than the second hamburger consumed.
• B)The third hamburger is priced higher than the first hamburger.
• C)As price falls, quantity demanded rises, ceteris paribus .
• D)The price of a good rises as the costs of producing that good rise.

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