Every additional candy bar that you eat gives you less utility as you consume more of it. This statement captures the idea of _____ utility.
A) increasing average
B) diminishing marginal
C) constant marginal
D) decreasing total

Question

Quizplus · Accepted Answer

The statement describes the concept of diminishing marginal utility, which posits that the satisfaction (utility) gained from consuming each additional unit of a good decreases as one consumes more of that good.

Every Additional Candy Bar That You Eat Gives You Less