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Safari File Edit View History Bookmarks Develop Window Help 58% ) Sun 6:45 PM ezto.mheducation.com Santlago Caryon Colege Predictably Irrational-basic human motivations D... Homework 7 Ch 19, 20, and 22 Chega Study | Guided Solutons and Study Help connect. ECON 121 (17389): Spring 2016 Online Homework 7-Ch 19, 20, and 22 instructions I help Question 2 (of 18) Save & Exit Submit 2. 1.00 po 1.00 points According to the principle of diminishing marginal utiity, marginal utit consumed (Click to select) (Click to select as less of a good is as less of a good is as more of a good is consumed and remains the same References Book & Resources Worksheet Section: Rational Choice Theory Learning Objective: 19-01 Discuss the principle of diminishing marginal utility and the principle of rational choice. 411

Explanation / Answer

Law of diminishing marginal utility states that as when we consume more and more units of a commodity then, a stage will come when marginal utility starts declining.

So, 1. falls 2. rises

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