The law of diminishing marginal utility state that, the more a commodity is consumed the...
ECONOMICS
WAEC 2010
The law of diminishing marginal utility state that, the more a commodity is consumed the
- A. higher the satisfaction derived from an additional unit
- B. higher the price to be paid
- C. lower the quantity supplied
- D. lower the rate of increase in the total utility derived
Correct Answer: D. lower the rate of increase in the total utility derived
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