Multiple Choice
Which of the following is true?
A) The law of diminishing marginal utility is seldom verified in economic analysis.
B) The law of diminishing marginal utility is never verified in economic analysis.
C) The law of diminishing marginal utility has been proven to be true in economic analysis.
D) The law of diminishing marginal utility has never been proven true, but it is verified by economists as consistent with the analysis of real-world demand.
Correct Answer:
Verified
Correct Answer:
Verified
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