According to the law of diminishing marginal utility, the marginal utility curve is
A) vertical
B) flat.
C) upward sloping.
D) downward sloping.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as a person consumes more and more units of a good or service, the additional satisfaction or utility from each additional unit will eventually start to decrease. This means that the marginal utility curve must be downward sloping. Therefore, the correct answer is D.

According to the Law of Diminishing Marginal Utility, the Marginal