Post Utme Elizade University 2022 Economics Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2022 Economics Objective / Multiple Choice
Question 33 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ECONOMICS • objective

The Law of Diminishing Marginal Utility states that as the quantity of a good consumed increases, the marginal utility derived from each additional unit decreases. What is the implication of this law on the production of a good?

Answer Options

A. The production of the good will increase
Correct Answer B. The production of the good will decrease
C. The production of the good will remain cons\tant
D. The production of the good will increase at a decrea\sing rate
Correct Answer
B
Correct Option:
The production of the good will decrease

About This Question

This is Post Utme Elizade University 2022 Economics Question 33. It is one of the objective questions from the 2022 Post Utme Elizade University Economics examination.

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