Bananas Apples

-According to the principle of diminishing marginal utility, as an individual consumes more and more of a good or service, the total utility increases while the marginal utility decreases.

Question

Bananas Apples
 
-According to the principle of diminishing marginal utility, as an individual consumes more and more of a good or service, the total utility increases while the marginal utility decreases.

Quizplus · Accepted Answer

The principle of diminishing marginal utility states that as a person consumes additional units of a good, the additional satisfaction (marginal utility) from each additional unit decreases, although total utility may still increase.

Bananas Apples -According to the Principle of Diminishing Marginal Utility, as an Marginal