While a chocolate-covered donut would taste great right now,the second,third,or tenth one,purchased and consumed today,would be less desirable.This is an example of declining marginal utility.

Question

Quizplus · Accepted Answer

This statement accurately describes the concept of declining marginal utility, where the satisfaction and enjoyment of consuming each additional unit of a good or service decreases as a person consumes more. In this case, the first chocolate-covered donut may be very satisfying, but as a person eats multiple donuts in a short period of time, the satisfaction and enjoyment will likely decrease.

While a Chocolate-Covered Donut Would Taste Great Right Now,the Second,third,or