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According to the Law of Diminishing Marginal Utility

Question 21

Multiple Choice

According to the Law of Diminishing Marginal Utility:


A) total utility and marginal utility are unrelated.
B) total utility immediately begins to fall as successive units of a good are consumed.
C) beyond some point, the additional satisfaction from consuming the next unit of a good falls.
D) the additional satisfaction from consuming the second unit of a good is always less than the additional satisfaction from consuming the first unit.

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