Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true ?

A) Total utility is the extra satisfaction from the consumption of a good or service.
B) Marginal utility is the amount of satisfaction received from all the units of a good or service consumed.
C) The law of diminishing marginal utility states that as more of a good or service is consumed total utility decreases.
D) Consumer equilibrium is a combination of goods and services consumed which maximizes total utility from a given budget.