The law of diminishing marginal returns relate to
...The law of diminishing marginal returns relate to
Total utility
Average utility
Total product
Marginal utility
Correct answer is D
Marginal utility is the additional satisfaction a consumer gains from consuming one more unit of a good or service. As a consumer consumes more units of a product, the marginal utility derived eventually drops. This relates with the law of diminishing marginal returns which states that, there will be a decrease in the marginal output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.
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