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According to the Law of Diminishing Marginal Utility

Question 46

Multiple Choice

According to the law of diminishing marginal utility:


A) as you consume less of something, your total utility will decrease.
B) as you consume less of something, your marginal utility from consuming that good will increase.
C) you should never consume more of something if your marginal utility is decreasing.
D) if your total utility is increasing as you consume more of something, then your marginal utility must be increasing as well.

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