According to the traditional theory of marginal utility as presented in the textbookbook, as more units of a good are acquired, the consumer's marginal utility
A)always continues to rise.
B)diminishes.
C)remains constant.
D)may diminish at first, but it must eventually rise.
E)may rise at first, but it must eventually become constant.

Question

Quizplus · Accepted Answer

The traditional theory of marginal utility posits that as a consumer acquires more units of a good, the additional satisfaction (marginal utility) gained from consuming each additional unit decreases. This is known as the law of diminishing marginal utility.

According to the Traditional Theory of Marginal Utility as Presented