The principle of diminishing marginal utility can be used to explain why
A) Bob's second soda is less enjoyable than his first soda.
B) Bob's first soda is less enjoyable than his second soda.
C) Charlie enjoys his fourth soda less than Bob enjoys his first.
D) Bob enjoys his first soda more than Charlie enjoys his fourth.

Question

Quizplus · Accepted Answer

The principle of diminishing marginal utility states that as a person consumes more of a good, the additional satisfaction from consuming an additional unit decreases. Therefore, Bob's second soda is less enjoyable than his first.

The Principle of Diminishing Marginal Utility Can Be Used to Explain