Which of the Following Statements Is True Because of the Law

question 99

Multiple Choice

Which of the following statements is true because of the law of diminishing marginal utility?

• A) When a customer continues to eat more pie at the Pie Palace, each additional piece of pie gives a larger amount of marginal utility.
• B) When a customer continues to eat more pie at the Pie Palace, each additional piece of pie gives a smaller amount of marginal utility.
• C) The marginal utility of a piece of pie is maximum when the total utility of pie is zero.
• D) The total utility of pie is at a maximum while the marginal utility of pie is still increasing.

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Outsider

An individual who is not part of a specific group, community, or organization and may have a fresh or unbiased perspective.

Leadership Position

A role or office that carries the authority to guide and direct others, making decisions that influence the course of events or business operations.

Radical Change

Profound and fundamental transformation that dramatically alters the existing structure, operations, or culture of an organization, system, or societal norm.

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