Post Utme Ims U 2025 Economics Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice
Question 16 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

The concept of diminishing marginal utility is a fundamental principle in economics, which states that as the consumption of a good increases, the marginal utility derived from each additional unit decreases. Which of the following is a correct example of diminishing marginal utility?

Answer Options

A. The consumption of a good increases, but the marginal utility derived from each additional unit remains cons\tant
B. The consumption of a good increases, but the marginal utility derived from each additional unit increases
Correct Answer C. The consumption of a good increases, but the marginal utility derived from each additional unit decreases
D. The consumption of a good decreases, but the marginal utility derived from each additional unit increases
Correct Answer
C
Correct Option:
The consumption of a good increases, but the marginal utility derived from each additional unit decreases

About This Question

This is Post Utme Ims U 2025 Economics Question 16. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

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