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The Law of Diminishing Marginal Utility States That

Question 9

Multiple Choice

The law of diminishing marginal utility states that:


A) the marginal utility of the last unit consumed of any good is less than the marginal utility of all other products consumed.
B) as more of a good or service is consumed,ceteris paribus,its marginal utility relative to the marginal utility of other products increases.
C) as more of a good or service is consumed,its marginal utility decreases.
D) as more of a good or service is consumed,its marginal utility relative to other products remains the same.
E) the marginal utility of all products consumed must be equal.

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