Post Utme Babcock University 2019 Economics Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2019 Economics Objective / Multiple Choice
Question 25 POST_UTME_BABCOCK_UNIVERSITY • 2019 • ECONOMICS • objective

The concept of diminishing marginal utility (DMU) is a fundamental principle in consumer behavior. What is the main implication of DMU?

Answer Options

A. That consumers will always prefer more of a good or service
B. That consumers will always prefer less of a good or service
Correct Answer C. That consumers will eventually reach a point where additional units of a good or service provide no additional satisfaction
D. That consumers will always be indifferent to the quantity of a good or service
Correct Answer
C
Correct Option:
That consumers will eventually reach a point where additional units of a good or service provide no additional satisfaction

About This Question

This is Post Utme Babcock University 2019 Economics Question 25. It is one of the objective questions from the 2019 Post Utme Babcock University Economics examination.

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