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?

The phenomenon of diminishing marginal utility refers to the fact that

people do not like additional units of a good.
it is unfair to give more of a good to a person with high marginal utility.
the extra gain from having 1 more unit of a good becomes smaller as a person consumes more of any good.efficiency is decreased if people consume more of a good.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (C)
the extra gain from having 1 more unit of a good becomes smaller as a person consumes more of any good.

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