Marginal utility diminishes after a certain point due to:
A) the lower quality of the later goods or services consumed.
B) the availability of goods and services other than the one being consumed.
C) the fulfilling of the need or desire for the good or service as additional units are consumed.
D) all of the above.

Question

Quizplus · Accepted Answer

Marginal utility diminishes because as more units of a good or service are consumed, the additional satisfaction gained from consuming each additional unit decreases, reflecting the fulfilling of the need or desire for that good or service.

Marginal Utility Diminishes After a Certain Point Due To