Diminishing marginal utility is the reason most indifference curves:
A)slope upward.
B)slope downward.
C)are vertical.
D)are horizontal.

Question

Quizplus · Accepted Answer

Diminishing marginal utility means that as a person consumes additional units of a good, the satisfaction or utility they receive from each additional unit will eventually decrease. This leads to a downward slope of indifference curves, as the consumer needs more and more of a good to maintain the same level of satisfaction.

Diminishing Marginal Utility Is the Reason Most Indifference Curves