Multiple Choice
Use the following for questions 23-27.
Exhibit: Total Utility and Marginal Utility from Consumption of Good A
-(Exhibit: Total Utility and Marginal Utility from Consumption of Good A. Marginal utility eventually decreases with the consumption of additional units of good A because of the law of:
A) increasing costs.
B) decreasing total returns.
C) diminishing average returns.
D) diminishing marginal utility.
Correct Answer:
Verified
Correct Answer:
Verified
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