Question on: WAEC Economics - 2010

The law of diminishing marginal utility state that, the more a commodity is consumed the

A
higher the satisfaction derived from an additional unit
B
higher the price to be paid
C
lower the quantity supplied
D
lower the rate of increase in the total utility derived
Ask EduPadi AI for a detailed answer
Correct Option: D

Add your answer

Notice: Please post responsibly.

Please share this, thanks!

No responses