Due to the law of diminishing marginal utility,_____.
A)the first unit of a product offers more satisfaction than the last unit of the same product
B)the marginal utility curve is upward sloping
C)when marginal utility becomes negative,total utility increases
D)there is more satisfaction with each unit of good consumed
E)when marginal utility becomes positive,total utility declines

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as a consumer consumes more and more units of a good or service, the satisfaction they derive from each additional unit decreases. Therefore, the first unit of a product offers more satisfaction than the last unit of the same product.

Due to the Law of Diminishing Marginal Utility,_____