question 6 0.5 pts according to the law of diminishing marginal utility: consumers behave rationally when…

question 6 0.5 pts according to the law of diminishing marginal utility: consumers behave rationally when the price of a good equals the marginal utility of the good. consumers will purchase more of a good at a lower price, ceteris paribus. each successive unit of a good consumed yields less additional utility. consumers maximize total utility when the marginal utility per dollar spent is equal for all goods consumed.

question 6 0.5 pts according to the law of diminishing marginal utility: consumers behave rationally when the price of a good equals the marginal utility of the good. consumers will purchase more of a good at a lower price, ceteris paribus. each successive unit of a good consumed yields less additional utility. consumers maximize total utility when the marginal utility per dollar spent is equal for all goods consumed.

Answer

Brief Explanations:

The law of diminishing marginal utility states that as a consumer consumes more of a good, the additional satisfaction (marginal utility) from each successive unit decreases.

Answer:

C. Each successive unit of a good consumed yields less additional utility.