Business, 01.10.2019 08:30 tddreviews

Which of the following statements best describes the law of diminishing marginal utility?
a. as a consumer increases consumption of a good, the marginal utility received from that good increases.
b. as a consumer decreases consumption of a good, the marginal utility received from that good decreases.
c. as a consumer increases consumption of a good, the marginal utility received from that good decreases.
d. as a consumer decreases consumption of a good, the marginal utility received from that good increases.

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Which of the following statements best describes the law of diminishing marginal utility?
a....