Multiple Choice
Which of the following best expresses the law of diminishing marginal utility?
A) The more of a product consumed, the smaller is the total utility from the product.
B) The less of a product consumed, the greater is the marginal utility of the product.
C) The more of a product consumed, the greater is the total utility from the product.
D) The less of a product consumed, the smaller is marginal utility of the product.
Correct Answer:
Verified
Correct Answer:
Verified
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