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Management · Q155

Managerial Economics

Graduate and Post Graduate · Management · question 155

Q155

As a consumer increases his consumption of a commodity, the total utility he derives from its consumption increases, but at a diminishing rate. This is

A.
An economic law
B.
A statement of fact
C.
A hypothesis
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
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