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.
correct option: c
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