When successive units of a typical good are consumed, the marginal utility gained:
A)tends to decrease.
B)tends to increase.
C)may increase or decrease depending on the cost of the good.
D)tends to stay the same.

Question

Quizplus · Accepted Answer

The principle of diminishing marginal utility states that as a person consumes more units of a good, the additional satisfaction (marginal utility) gained from consuming each additional unit tends to decrease.

When Successive Units of a Typical Good Are Consumed, the Marginal