The law of diminishing marginal utility states that:

A) total utility is maximized when consumers obtain the same amount of utility per unit of each product consumed.
B) beyond some point,additional units of a product will yield less and less extra satisfaction to a consumer.
C) price must be lowered to induce firms to supply more of a product.
D) it will take larger and larger amounts of resources beyond some point to produce successive units of a product.

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Jordan Curtis · Accepted Answer

Final Answer : B, Explanation :  The law of diminishing marginal utility states that as a consumer consumes more and more units of a product, the additional satisfaction (utility) gained from consuming each additional unit will eventually decrease, beyond some point. In other words, the more you consume of a product, the less satisfaction you get from each additional unit.

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