Q164
Law of diminishing marginal utility states
A.
Utility always diminishes whether something is consumed or not
B.
Total utility diminishes with the consumption of every additional unit
C.
Utility first increases and after that diminishes at every point
D.
The additional benefit which a person derives from a given increase of his stock of a thing diminishes with every increase in stock that he already has
AnswerAnswer: Option D
Solution
Answer: Option D
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