Which of the following is likely to occur as the result of the law of diminishing marginal utility?
A)Petra's utility from her second apple was less than her satisfaction from her first orange.
B)Hudson enjoyed his second slice of pizza more than his first.
C)Sabine's utility from her first granola bar is greater than Rachel's utility from her second granola bar.
D)Wesley enjoyed his second bottle of iced tea less than his first bottle, other things constant.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as a person consumes more of a good or service, the additional satisfaction or utility they receive from each additional unit will eventually decrease. This means that Wesley enjoyed his second bottle of iced tea less than his first, as stated in option D. Options A and C are not necessarily true based on the information given, and option B goes against the law of diminishing marginal utility.

Which of the Following Is Likely to Occur as the Result