"After eating nothing but fast-food hamburgers on spring break, I was anxious to return home and eat something different." This statement most clearly reflects the law of
A) the budget constraint.
B) consumer irrationality.
C) greater demand elasticity with time.
D) diminishing marginal utility.

Question

Quizplus · Accepted Answer

The statement reflects the law of diminishing marginal utility, as the more hamburgers the person ate during their spring break, the less satisfaction and enjoyment they received from each additional hamburger. This led to a desire for a different type of food that would provide greater marginal utility. The other options do not apply in this context.

"After Eating Nothing but Fast-Food Hamburgers on Spring Break, I