According to the law of diminishing marginal utility, after some point:
A) the more we buy of something, the more it costs.
B) the more we consume of something, the less each additional unit adds to our satisfaction.
C) people should spend all of their income on one good.
D) the more we consume of something, the smaller the total satisfaction received from that good.

Question

Quizplus · Accepted Answer

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

According to the Law of Diminishing Marginal Utility, After Some