Multiple Choice
Which of the following statements is (are) true?
A) As a consumer consumes more and more of a good or service, its marginal utility eventually falls.
B) Utility is a quality inherent in the good or service itself.
C) Marginal utility is the change in total utility resulting from consuming one more or one less unit of a good.
D) Both A and C are true.
Correct Answer:

Verified
Correct Answer:
Verified
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