The marginal utility gained from the consumption of successive units of a normal good:
A)tends to decrease.
B)tends to increase.
C)may increase or decrease depending on the cost of the good.
D)tends to stay the same.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as a person consumes more units of a good, the additional satisfaction or utility gained from each additional unit decreases. This means that the marginal utility gained from the consumption of successive units tends to decrease.

The Marginal Utility Gained from the Consumption of Successive Units