Linus has just watched two hours of TV.We can say:
A)his second hour of watching TV likely reduced his total utility.
B)his second hour of watching TV likely added less to his total utility than the first.
C)if he watches a third hour it will likely decrease his total utility.
D)if he watches a third hour it will likely increase his total utility by at least as much as the second.

Question

Quizplus · Accepted Answer

According to the law of diminishing marginal utility, the more we consume of a good, the less additional utility we receive from each additional unit consumed. Therefore, it is likely that Linus's second hour of watching TV added less to his total utility than the first.

Linus Has Just Watched Two Hours of TV