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According to the Law of Diminishing Marginal Utility

Question 225

Multiple Choice

According to the Law of Diminishing Marginal Utility:


A) marginal utility increases as total utility decreases.
B) the last unit consumed always adds the most to total utility.
C) beyond some point, the next unit consumed adds less to total utility than was added by the previous unit consumed.
D) there is less utility from consuming a broad range of goods than from consuming a smaller range of goods.

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