The law of diminishing marginal utility states that:

Group of answer choices

a. beyond some point additional units of a product will yield less and less extra satisfaction to a consumer.

b. total utility is maximized when consumers obtain the same amount of utility per unit of each product consumed.

c. it will take larger and larger amounts of resources beyond some point to produce successive units of a product.

d. price must be lowered to induce firms to supply more of a product.