The total utility of the consumer diminishes whenever:
A) he or she buys an additional unit of a good.
B) his or her marginal utility decreases.
C) his or her total utility increases at a decreasing rate.
D) the last unit consumed of a particular good is distasteful or provides dissatisfaction.
E) other consumers are also purchasing the product.
Correct Answer:
Verified
Q25: According to the law of diminishing utility,_.
A)the
Q26: The table given below records the total
Q27: The table given below depicts the total
Q28: The table given below records the total
Q28: The table given below depicts the total
Q29: In the theory of utility,it is assumed
Q31: The below table shows the average utility
Q32: The table given below depicts the total
Q35: The below table shows the average utility
Q39: The table given below depicts the total
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