The law of diminishing marginal utility states that total utility increases by smaller and smaller increments as more of a good is consumed

The _____________ of an event happening is, the relative frequency with which it occurs.

Fill in the blank(s) with the appropriate word(s).

The statement that ________ is a positive statement

A) more students should study economics B) the price of gasoline is too high C) too many people in the United States have no health care insurance D) the price of sugar in the United States is higher than the price in Australia