Diminishing marginal utility means that O a. as one consumes more of a good, other things constant, the additional satisfaction obtained from each additional unit of the good tends to fall. O b. as one hires more labor, other things constant, the total amount of output produced begins to fall. O C. as one hires more units of labor, other things constant, the marginal product of labor begins to fall. O d. as one consumes more of a good, other things constant, the total satisfaction obtained from consuming the good tends to fall. O e. as one consumes more of a good, other things constant, the extra satisfaction obtained from each extra good becomes negative.

Diminishing marginal utility means that O a. as one consumes more of a good, other things constant, the additional satisfaction obtained from each additional unit of the good tends to fall. O b. as one hires more labor, other things constant, the total amount of output produced begins to fall. O C. as one hires more units of labor, other things constant, the marginal product of labor begins to fall. O d. as one consumes more of a good, other things constant, the total satisfaction obtained from consuming the good tends to fall. O e. as one consumes more of a good, other things constant, the extra satisfaction obtained from each extra good becomes negative.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section6.A: Indifference Curve Analysis

Problem 2SQP

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