Which of the following is FALSE?
A. Assuming that the law of diminishing marginal utility holds, the demand curve must be upward sloping.
B. A consumer is maximizing total utility when he or she gets the same amount of marginal utility from the last dollar spent on each good purchased.
C. As additional units of a good or service are consumed, marginal utility diminishes.
D. Utility is want-satisfying power.
Answer: A
Economics
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