The principle of diminishing marginal utility says that
A) as more of a good or service is consumed, demand will decrease.
B) as more of a good or service is consumed, the price will rise.
C) the marginal utility of additional units consumed will increase.
D) the marginal utility of additional units consumed will decline.

Question

Quizplus · Accepted Answer

The principle of diminishing marginal utility states that as a person consumes more units of a good or service, the additional satisfaction (marginal utility) gained from consuming each additional unit decreases.

The Principle of Diminishing Marginal Utility Says That