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The Law of Diminishing Marginal Utility Says That

Question 27

Multiple Choice

The law of diminishing marginal utility says that


A) as more of a good is consumed, total utility diminishes causing marginal utility to
Diminish as well
B) as more of a good is consumed, total utility increases causing marginal utility to
Diminish
C) with reference to consumption, more is better than less until a point is reached after
Which less is better than more
D) with reference to consumption, less is better than more until a point is reached after
Which more is better than less
E) we always value the "one before the last one" more

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