Economics WAEC

The theory of diminishing marginal utility states that as more units of a commodity are consumed, the?

A. satisfaction from an extra unit decreases
B. satisfaction from an extra unit rises
C. satisfaction from extra units remains constant
D. total satisfaction from the goods remains the same

Correct Answer: Option A

A. satisfaction from an extra unit decreases

AddThis Website Tools
Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

THM 204 Theory Question: The Role of Census Data in Sustainable Tourism Development and Regional BalanceTHM 204 Theory Question: The Role of Census Data in Sustainable Tourism Development and Regional Balance

THM 204 Theory Question: The Role of Census Data in Sustainable Tourism Development and Regional Balance

200 Level Department of Tourism And Hospitality Management exam questions and detailed answers. Download the answers…

1 min ago
THM 204 Theory Question: Population Studies: Data Needs and Urbanization ImpactsTHM 204 Theory Question: Population Studies: Data Needs and Urbanization Impacts

THM 204 Theory Question: Population Studies: Data Needs and Urbanization Impacts

200 Level Department of Tourism And Hospitality Management exam questions and detailed answers. Download the answers…

25 mins ago
THM 204 Theory Question: Evaluation of Malthusian Theory in Explaining Contemporary Population ChallengesTHM 204 Theory Question: Evaluation of Malthusian Theory in Explaining Contemporary Population Challenges

THM 204 Theory Question: Evaluation of Malthusian Theory in Explaining Contemporary Population Challenges

200 Level Department of Tourism And Hospitality Management exam questions and detailed answers. Download the answers…

46 mins ago

THM 201 Theory Question: Why Recreation and Tourism is an Attractive Development Option for Nigeria

200 Level Department of Geography And Planting Science exam questions and detailed answers. Download the answers…

2 hours ago

THM 201 Theory Question: Generic Benefits of Recreation and Tourism Activities in Africa

200 Level Department of Geography And Planting Science exam questions and detailed answers. Download the answers…

2 hours ago

THM 201 Theory Question: Roles of Government and Governance in Nigeria’s Recreation and Tourism Development

200 Level Department of Geography And Planting Science exam questions and detailed answers. Download the answers…

3 hours ago