Ask Question
9 February, 05:19

The law of diminishing marginal utility states that

a. eventually total utility falls as more of a good is consumed, other things constant.

b. the extra satisfaction from consuming a good increases slowly as more of a good is consumed, other things constant.

c. the extra satisfaction from consuming a good decreases as more of a good is consumed, other things constant.

d. when the extra satisfaction from consuming a good becomes negative, total utility starts falling, other things constant.

+4
Answers (1)
  1. 9 February, 06:48
    0
    A is correct. When more and more goods are consumed, the total utility falls
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The law of diminishing marginal utility states that a. eventually total utility falls as more of a good is consumed, other things constant. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers