In Using the Concept of Marginal Utility as an Argument

question 121

Multiple Choice

In using the concept of marginal utility as an argument for a downward-sloping demand curve, economists:

• A) are ignoring the law of diminishing marginal utility.
• B) invoke the law of diminishing marginal utility.
• C) are denying the law of diminishing marginal utility.
• D) are doing none of the above.

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