If the Marginal Utility of a Product Is Diminishing Relative

question 79

Multiple Choice

If the marginal utility of a product is diminishing relative to the marginal utility of other products,then _____.

• A)the consumer is in equilibrium
• B)the consumer has been purchasing relatively less of the product
• C)the consumer has been purchasing relatively more of the product
• D)the price of this product must have increased
• E)the price of the product must have decreased

---

Definitions:

Manufacturer

A person or company that makes goods for sale, often involving the use of machines, tools, and labor.

Free Throw Percentage

A statistical measure used in basketball to assess a player's efficiency at scoring by free throws, calculated as the number of free throws made divided by the number of attempts.

Basketball Players

Athletes who participate in the sport of basketball, often characterized by skills in shooting, dribbling, and teamwork.

Average Number

The statistical measure obtained by dividing the sum of a set of values by the count of values in the set, commonly used to describe the central tendency of the data.