Solved

The Law of Diminishing Marginal Utility Allows Us to Conclude

Question 58

Multiple Choice

The law of diminishing marginal utility allows us to conclude that


A) demand curves always slope downward and to the right.
B) consumer surplus can never be maximised.
C) supply curves always slope upward.
D) total utility will always increase by an increasing amount as consumption increases.
E) a consumer will always buy positive amounts of all goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions