The Law of Diminishing Marginal Utility states that when more and more units of a commodity are consumed, Marginal Utility __________ Option 1: begins to increase. Option 2: remains constant. Option 3: begins to decrease. Option 4: becomes zero.

The answer is 'begins to decrease.'. View full solution:

CUET Economics - The Law of Diminishing Marginal Utility states that when more and more units of a commodity are consumed, Marginal Utility __________ | PYQs + Solutions

CUET Economics 2025 2 June Shift 1

Micro

Easy

begins to increase.

remains constant.

begins to decrease.

becomes zero.

✅ Correct Option: 3

Related questions:

2 June Shift 1

Match List-I with List-II

List-I	List-II
(A) Consumer's equilibrium	(I) ΔY/ ΔX
(B) Slope of IC	(II) Budget line rotates to the right starting from the Y axis
(C) Px falls	(III) Consumer should move downwards to the right along the IC
(D) MRSxy > Px/Py	(IV) Optimum choice of the consumer

Choose the correct answer from the options given below:

22 May Shift 2

Which of the following indicates the slope of Budget Line?

21 May Shift 1

The income of a consumer is spent by him on two goods X and Y. The marginal utility of the goods at the present level of consumption are equal to each other. However, the price of good X is double that of good Y. The consumer, in order to attain equilibrium, will

CUET Economics 2025 2 June Shift 1 PYQs

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