The law of diminishing marginal utility assumes that

the consumer's tastes change between unitsCorrect answerYour answereach unit is bigger than the one beforeCorrect answerYour answerthe good is consumed once a yearCorrect answerYour answerthe units are consumed one after another without a long gap, and are of the same size and qualityCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

If there were a long gap, the want would return and MU would not fall.
If units differed in size or quality, the comparison would not be fair.

Concept: Assumptions of the law
Typical timeTypical: 70 s
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The rule this testsDiminishing marginal utility

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The law of diminishing marginal utility assumes that

Explanation