Diminishing marginal utility means that:
a. ?as one consumes more of a good, other things constant, the additional satisfaction obtained from each additional unit of the good tends to fall.
b. ?as one consumes more of a good, other things constant, the total satisfaction obtained from consuming the good tends to fall.
c. ?as one consumes more of a good, other things constant, the extra satisfaction obtained from each extra good becomes negative.
d. ?as one hires more labor, other things constant, the total amount of output produced begins to fall.
e. ?as one hires more units of labor, other things constant, the marginal product of labor begins to fall.
Ans: a. ?as one consumes more of a good, other things constant, the additional satisfaction obtained from each additional unit of the good tends to fall.
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