MCQOPTIONS
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| 1. |
Which situation is consistent with the law of diminishing marginal utility? |
| A. | the more cake henry eats, the more he enjoys another slice. |
| B. | the more cake henry eats, the less he enjoys another slice. |
| C. | henry’s marginal utility from eating cake becomes positive after eating threeslices. |
| D. | henry’s marginal utility from eating cake reaches a maximum when total utilityis zero. |
| Answer» C. henry’s marginal utility from eating cake becomes positive after eating threeslices. | |