According to the law of diminishing marginal utility, which of the following choices is true?

When marginal utility is decreasing, total utility will always decrease.

Total satisfaction of a good or service decreases as more units are consumed.

The additional satisfaction received from consuming extra units of a good or service decreases as consumption of the good or service increases.

The additional satisfaction received from consuming extra units of a good or service increases as consumption of the good or service increases.

Answer rating: 100% (QA)

Solution The correct option is Option B is correct The law of d... View the full answer