University of Central Florida (UCF) ECO2023 Principles of Microeconomics Final Practice Exam Flash Cards

Question: 1 / 400

According to the law of diminishing marginal utility, what happens as a person consumes more of a product while keeping other consumption constant?

?

Marginal utility declines

Next
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy