Diminishing marginal utility suggests that:

Name: Diminishing marginal utility suggests that:
Brand: Quizplus
Rating: 4.9 (64 reviews)

Question

Quizplus · Accepted Answer

Diminishing marginal utility suggests that the more of a good or service one consumes, the less additional satisfaction they will receive from each additional unit consumed. Therefore, the poor, who have less money, will receive more satisfaction from the last dollar they spend compared to the rich, who already have a lot of money and may not receive much additional satisfaction from spending an extra dollar.

Diminishing Marginal Utility Suggests That