Which of the Following Statements About the Law of Diminishing

question 44

Multiple Choice

Which of the following statements about the law of diminishing marginal utility is correct?

• A)As more of a given good is consumed,total utility rises at an increasing rate.
• B)As more of a given good is consumed,marginal utility rises at an increasing rate.
• C)As more of a given good is consumed beyond some level,the marginal utility associated with consumption of additional units tends to decline.
• D)As more of a given good is consumed,total utility rises at a decreasing,then increasing rate.

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Definitions:

Generalise

The process of applying findings or observations from specific instances to broader populations or situations.

Dependent Variable

The outcome observed in an experiment, which may change in response to manipulations of the independent variable.

Independent Variable

In experimental and statistical research, the variable that is manipulated or changed to observe its effect on a dependent variable.

Scientific Research Methods

A set of standardized approaches and techniques used to collect, analyze, and interpret data to answer scientific questions or solve problems.