Post Utme Eksu 2021 Economics Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Eksu Economics examination.

Post Utme Eksu 2021 Economics Objective / Multiple Choice
Question 5 POST_UTME_EKSU • 2021 • ECONOMICS • objective

The law of diminishing marginal utility states that as the quantity of a good consumed increases, the?

Answer Options

A. Marginal utility of the good increases
Correct Answer B. Marginal utility of the good decreases
C. Total utility of the good increases
D. Total utility of the good decreases
Correct Answer
B
Correct Option:
Marginal utility of the good decreases

About This Question

This is Post Utme Eksu 2021 Economics Question 5. It is one of the objective questions from the 2021 Post Utme Eksu Economics examination.

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