Choose the correct statements in the context of the law of diminishing marginal utility (A) States that each successive unit of a commodity provides…
CUET UG 2025 — Economics Micro
Choose the correct statements in the context of the law of diminishing marginal utility
(A) States that each successive unit of a commodity provides lower marginal utility.
(B) States that each successive unit of a commodity provides higher marginal utility.
(C) Explains why demand curves have a negative slope.
(D) States that the marginal utility from consuming each additional unit of a commodity declines as its consumption increases, while keeping consumption of other commodities constant.
Choose the correct answer from the options given below:
Held on 28 May 2025 · Verified 13 Jul 2026.
Options
- A
(A), (B) and (D) only
- B
(B), (C) and (D) only
- C
(A), (B), (C) and (D)
- D
(A), (C) and (D) only
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