MCQOPTIONS
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| 1. |
Which best expresses the law of diminishing marginal utility? |
| A. | the more consumption of a product, the smaller is the total and marginal utilityfrom the consumption. |
| B. | the less consumption of a product, the greater is the total and marginal utilityof the consumption. |
| C. | the more consumption of a product, the smaller is the marginal utility fromconsuming an additional unit. |
| D. | the more consumption of a product, the smaller is the total and marginal utilityfrom the consumption. |
| Answer» D. the more consumption of a product, the smaller is the total and marginal utilityfrom the consumption. | |