Diminishing marginal utility implies that as an individual consumes more of a good, beyond some point another unit will add:
A) more units of utility than the preceding units.
B) more pleasure than the preceding unit.
C) the same pleasure as the preceding unit.
D) less pleasure than the preceding unit.

Question

Quizplus · Accepted Answer

Diminishing marginal utility means that as a person consumes more units of a good, the additional satisfaction or utility gained from consuming each additional unit decreases.

Diminishing Marginal Utility Implies That as an Individual Consumes More