Which of the following most directly reflects the law of diminishing marginal utility?
A) After watching two football games, Terry decides to watch a third game.
B) A sports fan enjoys watching Monday night football rather than going to the theater.
C) After listening to three compact discs, Kim decides to go bowling rather than listen to a fourth disc.
D) A musician receives the biggest ovation of the evening after playing the final number of a recital.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as a person consumes more and more of a good or service, the additional satisfaction or utility that they derive from each additional unit consumed decreases. Option C directly reflects this by showing that after consuming three CDs, the marginal utility decreases and the person decides to switch to a different activity (bowling) instead of consuming another CD.

Which of the Following Most Directly Reflects the Law of Diminishing