Post Utme Mountain Top University 2025 Economics Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2025 Economics Objective / Multiple Choice
Question 29 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ECONOMICS • objective

The concept of diminishing marginal utility is a fundamental principle in consumer behavior. Which of the following best describes the relationship between the quantity of a good consumed and the marginal utility derived from it?

Answer Options

A. MU = Q
Correct Answer B. MU = 1/Q
C. MU = Q^2
D. MU = 1/Q^2
Correct Answer
B
Correct Option:
MU = 1/Q

About This Question

This is Post Utme Mountain Top University 2025 Economics Question 29. It is one of the objective questions from the 2025 Post Utme Mountain Top University Economics examination.

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