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Consumer Optimum Consumption: Marginal Utility per Dollar Spent
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Consumer Optimum Consumption: Marginal Utility per Dollar Spent
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18. Consumer Choice and Behavioral Economics / Consumer Optimum Consumption: Marginal Utility per Dollar Spent / Problem 5
Problem 5
How does diminishing marginal utility affect consumer choices?
A
Consumers will purchase the same amount regardless of marginal utility.
B
Consumers will purchase less of a good as its marginal utility decreases.
C
Consumers will purchase more of a good as its marginal utility decreases.
D
Consumers will stop purchasing the good entirely.
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