The Law of Diminishing Marginal Utility Implies That

Multiple Choice

The law of diminishing marginal utility implies that

A) as people consume more and more goods, their happiness diminishes.
B) a person's satisfaction declines as more and more of a particular good is consumed.
C) a person's satisfaction rises indefinitely as additional units of a commodity are consumed.
D) increases in a person's satisfaction eventually decline as more and more units of a commodity are consumed.
E) as a person's income rises, consumption of all commodities falls.