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The law of diminishing marginal utility states that:

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The law of diminishing marginal utility states that:

The law of diminishing marginal utility states that:
A) total utility is maximized when marginal utility is maximized
B) the utility that a consumer derives from successive units of an item will eventually diminish as total consumption of that item increases, other things being equal
C) as total utility declines, marginal utility must be zero
D) the utility that a consumer derives from successive units of an item will diminish as total consumption of that commodity decreases, other things being equal

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Microeconomics

Edition: 2^nd

Author: James

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