2052EconomicsMedium
According to the law of diminishing utility?
ATotal utility will rise at a falling rate as more units are consumed
BUtility is at a maximum with the first unit
CMarginal product will fall as more units are consumed
DIncreasing units of consumption increase the marginal utility
Correct answer
A. Total utility will rise at a falling rate as more units are consumed
Explanation
The correct answer is Total utility will rise at a falling rate as more units are consumed.