If a consumer purchases more of a product,then most likely the marginal utility of _____.
A)that product decreases
B)that product remains the same
C)other products decreases
D)other products increases
E)that product increases

Question

Quizplus · Accepted Answer

According to the law of diminishing marginal utility, as a consumer consumes more of a product, the marginal utility of each additional unit decreases. This means that the consumer gets less satisfaction or usefulness from each additional unit consumed. Therefore, the correct answer is A, that the marginal utility of that product decreases.

If a Consumer Purchases More of a Product,then Most Likely