According to the law of diminishing marginal utility,
A)if you consume less of something,your total utility from that consumption increases.
B)if you consume less of something,your marginal utility from that consumption increases.
C)you should never consume any more of something after marginal utility has begun to diminish.
D)if total utility is increasing as you consumer more,then marginal utility must be increasing as well.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as a consumer consumes additional units of a good, the marginal utility derived from each subsequent unit will eventually decrease. Therefore, if you consume less of something, your marginal utility from that consumption increases. Choice A is incorrect because total utility may still increase even if marginal utility is decreasing. Choice C is incorrect because it is not necessary to completely stop consuming a good after marginal utility has started to diminish. Choice D is also incorrect because total utility may still be increasing even if marginal utility is decreasing.

According to the Law of Diminishing Marginal Utility