Solved

Diminishing Marginal Utility Means That _____

Question 149

Multiple Choice

Diminishing marginal utility means that _____


A) as one consumes more of a good, other things constant, the total satisfaction obtained from consuming the good tends to fall.
B) as one hires more labor, other things constant, the total amount of output produced begins to fall.
C) as one hires more units of labor, other things constant, the marginal product of labor begins to fall.
D) as one consumes more of a good, other things constant, the additional satisfaction obtained from each additional unit of the good tends to fall.
E) as one consumes more of a good, other things constant, the extra satisfaction obtained from each extra good becomes negative.

Correct Answer:

verifed

Verified

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

Related Questions