Multiple Choice
The law of diminishing marginal utility says that
A) the marginal utility gained by consuming equal successive units of a good will decline as the amount consumed increases.
B) the more of a particular good one consumes, the greater is the utility received from the consumption of that good.
C) the marginal utility gained by consuming equal successive units of a good will increase as the amount consumed increases.
D) the more of a particular product one sells, the less utility one receives from selling.
Correct Answer:

Verified
Correct Answer:
Verified
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