What Is Diminishing Marginal Utility

Multiple Choice

What is diminishing marginal utility?

A) the decrease in additional benefit that you receive from an additional unit of a good or service as you consume more of it
B) the decrease in total benefit that you receive from an additional unit of a good or service as you consume more of it
C) the change in the average amount of happiness that you receive from each additional unit of consumption
D) the change in the average amount of happiness that you receive from one less unit of consumption