Diminishing marginal utility means that as more of a good is consumed, A. more income is spent. B. the price of the good falls. C. the consumption of some other good must diminish. D. the utility of an additional unit decreases. E. the price of the good rises. OOOO

Microeconomics A Contemporary Intro
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Chapter6: Consumer Choice And Demand
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Diminishing marginal utility means that as more of a good is consumed,
A. more income is spent.
B. the price of the good falls.
C. the consumption of some other good must diminish.
D. the utility of an additional unit decreases.
E. the price of the good rises.
O OOO0
Transcribed Image Text:Diminishing marginal utility means that as more of a good is consumed, A. more income is spent. B. the price of the good falls. C. the consumption of some other good must diminish. D. the utility of an additional unit decreases. E. the price of the good rises. O OOO0
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