Post Utme Unn 2017 Commerce Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Unn Commerce examination.

Post Utme Unn 2017 Commerce Objective / Multiple Choice

Question 30 POST_UTME_UNN • 2017 • COMMERCE • objective

The 'law of diminishing marginal utility' states that?

A. as the quantity of a good consumed increases, the marginal utility derived from it also increases

B. as the quantity of a good consumed increases, the marginal utility derived from it remains constant

Correct Answer C. as the quantity of a good consumed increases, the marginal utility derived from it decreases

D. as the quantity of a good consumed increases, the marginal utility derived from it becomes zero

Correct Answer

Correct Option:

as the quantity of a good consumed increases, the marginal utility derived from it decreases

This is Post Utme Unn 2017 Commerce Question 30. It is one of the objective questions from the 2017 Post Utme Unn Commerce examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support