-What Is the Law of Diminishing Marginal Utility

question 27

Multiple Choice

-What is the law of diminishing marginal utility?

• A)The amount of additional utility decreases as successive units of a product is consumed.
• B)Marginal utility increases quickly at first,but more slowly later.
• C)Total utility declines at first,but after some point starts to increase.
• D)While total utility rises with the consumption of additional units,marginal utility is always constant.

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