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Which of the Following Statements Illustrates Diminishing Marginal Utility

Question 36

Multiple Choice

Which of the following statements illustrates diminishing marginal utility?


A) An extra dollar of income to a poor person provides that person with more additional utility than does an extra dollar to a rich person.
B) An extra dollar of income to a poor person provides that person with less additional utility than does an extra dollar to a rich person.
C) An extra dollar of income to a poor person provides that person with the same additional utility as does an extra dollar to a rich person.
D) An extra dollar of income to a poor person provides that person with the same total utility as does an extra dollar to a rich person.

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