Diminishing marginal utility is the decrease in:
A) total satisfaction when consuming one less unit of a good or service.
B) total satisfaction when consumption of a good or service falls to zero.
C) total satisfaction when consuming additional units of a good or service.
D) additional satisfaction when consuming additional units of a good or service.

Question

Quizplus · Accepted Answer

Diminishing marginal utility refers to the decrease in additional satisfaction or utility that a consumer derives from consuming each additional unit of a good or service.

Diminishing Marginal Utility Is the Decrease In