Multiple Choice
Which situation is consistent with the law of diminishing marginal utility?
A) The more pizza Joe eats, the more he enjoys an additional slice.
B) The more pizza Joe eats, the less he enjoys an additional slice.
C) Joe's marginal utility from eating pizza becomes positive after eating three slices.
D) Joe's marginal utility from eating pizza reaches a maximum when total utility is zero.
Correct Answer:
Verified
Correct Answer:
Verified
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