Post Utme Joseph Ayo Babalola University 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2021 Economics Objective / Multiple Choice
Question 23 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • 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

Answer Options

A. increases
Correct Answer B. decreases
C. remains cons\tant
D. becomes negative
Correct Answer
B
Correct Option:
decreases

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

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