What does the law of diminishing marginal utili... - SS2 Economics The Law of Diminishing Marginal Utility Question
What does the law of diminishing marginal utility state?
A
As a consumer consumes more units of a good or service, the additional satisfaction or happiness they derive from consuming each additional unit increases.
B
As a consumer consumes more units of a good or service, the additional satisfaction or happiness they derive from consuming each additional unit remains constant.
C
As a consumer consumes more units of a good or service, the additional satisfaction or happiness they derive from consuming each additional unit diminishes.
Ask EduPadi AI for a Detailed Answer
Correct Option: C
Please share this, thanks:
#SS2 #SS2
Add your answer
No responses