The law of diminishing marginal utility indicates that if...
The law of diminishing marginal utility indicates that if a consumer increases his consumption of a commodity continously
Total utility must fall
Marginal utility must fall
Marginal utility may rise
Marginal utility may fall even though his total utility may be rising
Correct answer is B
The law of diminishing marginal utility states that as a consumer consumes an item or a product, the satisfaction or utility that they derive from the product reduces as they consume more and more of that product.
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