"I really enjoy watching movies. The first one is best. After that I still enjoy movies but the last one is not as much fun to watch as the one before it." This statement reflects the
A) principle of diminishing total utility.
B) principle of diminishing marginal utility.
C) principle of increasing marginal utility.
D) law of supply.

Question

Quizplus · Accepted Answer

The statement reflects the principle of diminishing marginal utility, which suggests that as a person consumes more of a good, the additional satisfaction (or utility) gained from consuming each additional unit decreases.

"I Really Enjoy Watching Movies