The Law of Diminishing Marginal Utility Can Be Stated as Follows

Multiple Choice

The law of diminishing marginal utility can be stated as follows:

A) As the amount of a good consumed increases, the sum of satisfaction received tends to decrease.
B) As the amount of a good consumed increases, the additional satisfaction gained from consuming additional units tends to decrease.
C) As the amount of a good consumed decreases, the additional satisfaction gained from consuming additional units tends to increase.
D) As the amount of a good consumed increases, the sum of satisfaction received tends to increase but at a diminishing rate.
E) b and d