Which statement best illustrates the concept of diminishing marginal utility?

Question

Quizplus · Accepted Answer

Diminishing marginal utility refers to the idea that as one consumes more of a good or service, the additional satisfaction or utility gained from each additional unit consumed will eventually decrease. In this scenario, choice C best illustrates this concept as it describes how a typical consumer will receive less satisfaction from consuming the fourth hamburger than from the third hamburger in a week. This suggests that the marginal utility of consuming hamburgers is decreasing as the consumer eats more of them. Choices A, B, and D do not necessarily address the idea of diminishing marginal utility.

Which Statement Best Illustrates the Concept of Diminishing Marginal Utility