The law of diminishing marginal utility states that

Question Options:

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

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

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

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