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Which of the following statements best describes the law of diminishing marginal utility?
A. As a consumer increases consumption of a good, the marginal utility received from that good increases.
B. As a consumer decreases consumption of a good, the marginal utility received from that good decreases.
C. As a consumer increases consumption of a good, the marginal utility received from that good decreases.
D. As a consumer decreases consumption of a good, the marginal utility received from that good increases.

Respuesta :

meerkat18

The law of diminishing marginal utility states that as a person increases consumption of a good while keeping consumption of other products persistently then there is a drop in the marginal utility that person descends from consuming each extra unit of that product. So the answer is letter C.

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