Multiple Choice
Which of the following statements about the law of diminishing marginal utility is correct?
A) As more of a given good is consumed,total utility rises at an increasing rate.
B) As more of a given good is consumed,marginal utility rises at an increasing rate.
C) As more of a given good is consumed beyond some level,the marginal utility associated with consumption of additional units tends to decline.
D) As more of a given good is consumed,total utility rises at a decreasing,then increasing rate.
Correct Answer:

Verified
Correct Answer:
Verified
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