The law of diminishing marginal utility indicates that the marginal utility curve eventually becomes:
A) vertical.
B) U-shaped.
C) upward sloping.
D) downward sloping.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as a person consumes more of a good, the additional satisfaction (marginal utility) gained from consuming an additional unit of that good decreases, which is represented by a downward sloping marginal utility curve.

The Law of Diminishing Marginal Utility Indicates That the Marginal