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According to the law of diminishing marginal​ utility, the marginal utility for a particular product a....

According to the law of diminishing marginal​ utility, the marginal utility for a particular product

a. decreases as more of the product is consumed.

b. remains constant as long as the product is still considered useful.

c. remains​ constant, regardless of how much of the product is consumed.

d. increases as more of the product is consumed.

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Answer #1

Answer. (a) decreases as more of the product is consumed.

Explanation: Total utility is the total satisfaction received from consuming a product. Marginal utility is the change in total utility from consuming one additional product. So the law of diminishing marginal utility says that as we consume more and more units of the product, the marginal utility, that is the increase in total utility goes on decreasing. After a point, the product gives dissatisfaction, and thus marginal utility becomes negative and total utility starts falling.

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