The Assumption That the Marginal Utility of Wealth Diminishes Implies

Multiple Choice

The assumption that the marginal utility of wealth diminishes implies that

A) total utility falls when wealth increases.
B) the marginal utility of wealth is negative.
C) total utility increases with wealth and each additional unit of wealth increases total utility by a smaller amount.
D) total utility increases with wealth and each additional unit of wealth increases total utility by the same amount.