Post Utme Delsu 2019 Economics Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Delsu Economics examination.

Post Utme Delsu 2019 Economics Objective / Multiple Choice

Question 16 POST_UTME_DELSU • 2019 • ECONOMICS • objective

The concept of diminishing marginal utility is a fundamental principle in consumer behavior. Which of the following statements best describes this concept?

Correct Answer A. As the quantity of a good consumed increases, the marginal utility derived from each additional unit decreases.

B. The marginal utility derived from each additional unit of a good consumed remains cons\tant.

C. The marginal utility derived from each additional unit of a good consumed increases.

D. The marginal utility derived from each additional unit of a good consumed is indep\endent of the quantity consumed.

Correct Answer

Correct Option:

As the quantity of a good consumed increases, the marginal utility derived from each additional unit decreases.

This is Post Utme Delsu 2019 Economics Question 16. It is one of the objective questions from the 2019 Post Utme Delsu Economics examination.

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