Question
According to the law of diminishing marginal utility, which of the following is true? Group of answer choices Total satisfaction decreases as more units of
According to the law of diminishing marginal utility, which of the following is true?
Group of answer choices
Total satisfaction decreases as more units of a good are consumed.
The additional satisfaction received from consuming extra units of a good decreases as consumption of the good increases.
The additional satisfaction received from consuming extra units of a good decreases as consumption of the good decreases.
The additional satisfaction received from consuming extra units of a good increases as consumption of the good increases.
When marginal utility is decreasing,total utility is decreasing.
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