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CISCEISC (Commerce) Class 12
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Syllabus

______ states that as more and more units of a commodity are consumed, the marginal utility derived from the additional units must decline.

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Question

______ states that as more and more units of a commodity are consumed, the marginal utility derived from the additional units must decline.

Options

  • Law of Equi-Marginal Utility

  • Law of Demand

  • Law of Supply

  • Law of Diminishing Marginal Utility

MCQ
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Solution

The Law of Diminishing Marginal Utility states that as more and more units of a commodity are consumed, the marginal utility derived from the additional units must decline.

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Cardinal Approach (Utility Analysis)
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Q 9.
Chapter 3: Theory of Consumer Behaviour: Marginal Utility and Indifference Curve Analysis - TEST YOURSELF QUESTIONS [Page 51]

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Frank Economics [English] Class 12 ISC
Chapter 3 Theory of Consumer Behaviour: Marginal Utility and Indifference Curve Analysis
TEST YOURSELF QUESTIONS | Q 9. | Page 51
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