Multiple Choice
What does the law of diminishing marginal utility state?
A) Eventually total utility falls as more of a good is consumed, other things constant.
B) The extra satisfaction from consuming a good, decreases as more of a good is consumed, other things constant.
C) The extra satisfaction from consuming a good, increases slowly as more of a good is consumed, other things constant.
D) When the extra satisfaction from consuming a good becomes negative, total utility starts falling, other things constant.
Correct Answer:

Verified
Correct Answer:
Verified
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