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The Law of Diminishing Marginal Utility Says That

Question 27

Multiple Choice

The law of diminishing marginal utility says that


A) the marginal utility gained by consuming equal successive units of a good will decline as the amount consumed increases.
B) the more of a particular good one consumes, the greater is the utility received from the consumption of that good.
C) the marginal utility gained by consuming equal successive units of a good will increase as the amount consumed increases.
D) the more of a particular product one sells, the less utility one receives from selling.
E) none of the above

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