When diminishing marginal utility starts happening as a person consumes more and more of a given good,
A)total utility diminishes.
B)total utility increases at a diminishing rate.
C)marginal utility becomes negative.
D)total utility becomes negative.

Question

Quizplus · Accepted Answer

Diminishing marginal utility means that as a person consumes more of a good, the additional satisfaction (marginal utility) they get from each additional unit decreases, but their total satisfaction (total utility) still increases, just at a slower rate.

When Diminishing Marginal Utility Starts Happening as a Person Consumes