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25 March, 09:35

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.

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  1. 25 March, 12:56
    0
    A is correct. When more and more goods are consumed, the total utility falls
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