According to the law of diminishing marginal utility, as we consume less of a good, our level of satisfaction for the last piece consumed begins to decrease.

Name: According to the law of diminishing marginal utility, as we consume less of a good, our level of satisfaction for the last piece consumed begins to decrease.
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Quizplus · Accepted Answer

The law of diminishing marginal utility states that as we consume more of a good, our level of satisfaction for each additional unit consumed begins to decrease, not increase.

According to the Law of Diminishing Marginal Utility, as We