Waec 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Waec Economics examination. This question covers Economics .

Waec 2024 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 15 WAEC • 2024 • ECONOMICS • objective

The law of diminishing marginal utility states that

Answer Options

Correct Answer A. as more of a good is consumed, the additional satisfaction decreases
B. the total utility increases indefinitely
C. utility is constant
D. marginal utility increases
Correct Answer
A
Correct Option:
as more of a good is consumed, the additional satisfaction decreases

About This Question

This is Waec 2024 Economics Question 15. It is one of the objective questions from the 2024 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Waec 2024 Economics Questions More Waec Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support