Solved

-What Is the Law of Diminishing Marginal Utility

Question 100

Multiple Choice

  -What is the law of diminishing marginal utility? A) The amount of additional utility decreases as successive units of a product is consumed. B) Marginal utility increases quickly at first,but more slowly later. C) Total utility declines at first,but after some point starts to increase. D) While total utility rises with the consumption of additional units,marginal utility is always constant.
-What is the law of diminishing marginal utility?


A) The amount of additional utility decreases as successive units of a product is consumed.
B) Marginal utility increases quickly at first,but more slowly later.
C) Total utility declines at first,but after some point starts to increase.
D) While total utility rises with the consumption of additional units,marginal utility is always constant.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents