The principle of diminishing marginal utility states that:
A) you don't enjoy consuming more of a good.
B) you enjoy consuming more of a good if it is good.
C) as you consume more of a good, you enjoy the additional units less than you did the previous units.
D) as you consume more of a good, you enjoy the additional units more than you did the initial units.

Question

Quizplus · Accepted Answer

As you consume more of a good, the satisfaction (utility) gained from each additional unit decreases, which is the essence of diminishing marginal utility.

The Principle of Diminishing Marginal Utility States That