According to the law of diminishing marginal by Prof. Frank Levy

Question 14 / 43: According to the law of diminishing marginal utility:

A marginal utility always falls with the extra consumption of a good.

B a consumer inevitably reaches a point where the additional satisfaction from consuming each
additional unit of a good rises.

C a consumer inevitably reaches a point where he or she decreasingly values additional units
of a good.

D utility is easily measured by dollar values.

E none of the above.

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Microeconomics Practice MCQ

Author:

Prof.Frank LevyLecturer

Harvard Medical School

USA

Access: Public Instant Grading

Attribution: Levy, Frank. 11.203 Microeconomics, Fall 2010. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/urban-studies-and-planning/11-203-microeconomics-fall-2010 (Accessed 13 Mar, 2014). License: Creative Commons BY-NC-SA

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