Which of the Following Is Descriptive of the Law of Diminishing

question 29

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.
• E) none of the above

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Definitions:

Rights Offering

A type of financial offering in which a company gives its existing shareholders the right to buy additional shares at a discounted price before the new shares are offered to the public.