Q
According to the law of diminishing utility ?
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A
A. Utility is at a maximum with the first unit
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B
B. Increasing units of consumption increase the marginal utility
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C
C. Marginal product will fall as more units are consumed
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D
D. Total utility will rise at a falling rate as more units are consumed
Correct Answer:
D. D. Total utility will rise at a falling rate as more units are consumed