Question

the tendency for marginal utility to decline as consumption increases beyond some point is called
multiple choice
utility maximization.
the law of diminishing marginal utility.
the rational spending rule.
the law of demand.

Explanation:

The law of diminishing marginal utility states that as the consumption of a good or service increases, the marginal utility (additional satisfaction) derived from each additional unit decreases beyond a certain point. Utility maximization is about getting the most satisfaction from spending. The rational - spending rule is about allocating income to maximize utility. The law of demand is about the inverse relationship between price and quantity demanded.

Answer:

B. the law of diminishing marginal utility