Question

The law of diminishing marginal utility states that as

Q: Answer- The law of diminishing marginal utility states that as a consumer consumes more of a good:

Marginal utility is the additional satisfaction gained from consuming one more unit of a good. According to the law of diminishing marginal utility , as consumption increases , the additional satisfaction from each extra unit declines .

a consumer consumes more of a good:

A The total utility increases indefinitely

B The marginal utility increases

C The marginal utility decreases

D The price of the good rises

E The consumer’s income decreases

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The law of diminishing marginal utility states that as

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