In the Theory of Utility,it Is Assumed That Marginal Utility

question 67

Multiple Choice

In the theory of utility,it is assumed that marginal utility:

• A)increases as consumption of a product increases.
• B)is always zero irrespective of any increase or decrease in consumption.
• C)remains constant when consumption of a product increases.
• D)diminishes as consumption of a product increases.
• E)remains constant when consumption of a product decreases.

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Definitions:

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