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.
Correct Answer:

Verified
Correct Answer:
Verified
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