The law of diminishing marginal utility indicates that if a consumer increases his consumption of...
ECONOMICS
JAMB 1990
The law of diminishing marginal utility indicates that if a consumer increases his consumption of a commodity continuously, his?
- A. total utility must fall
- B. marginal utility must fall
- C. marginal utility may rise even though his total utility is falling
- D. marginal utility may fall even though his total utility may be rising
Correct Answer: B. marginal utility must fall
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