MCQOPTIONS
Saved Bookmarks
| 1. |
According to the law of diminishing utility ? |
| A. | Utility is at a maximum with the first unit |
| B. | Increasing units of consumption increase the marginal utility |
| C. | Marginal product will fall as more units are consumed |
| D. | Total utility will rise at a falling rate as more units are consumed |
| Answer» E. | |