Which best expresses the law of diminishing marginal utility?

A. The more a product is consumed, the greater the total utility received from the product.
B. The less a product is consumed, the smaller the marginal utility received from the product.
C. The more a product is consumed, the smaller the total utility received from the product.
D. The more a product is consumed, the smaller the marginal utility received from the product.


Answer: D

Economics

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