Question
According to the law of diminishing marginal utility, which of the following choices is true? When marginal utility is decreasing, total utility will always decrease.
According to the law of diminishing marginal utility, which of the following choices is true?
When marginal utility is decreasing, total utility will always decrease.
Total satisfaction of a good or service decreases as more units are consumed.
The additional satisfaction received from consuming extra units of a good or service decreases as consumption of the good or service increases.
The additional satisfaction received from consuming extra units of a good or service increases as consumption of the good or service increases.
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Solution The correct option is Option B is correct The law of d...
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
