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Which of the Following Statements About the Law of Diminishing

Question 44

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.

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