The marginal utility of a good will eventually fall as more of it is consumed.

Question

Quizplus · Accepted Answer

This is a fundamental concept in economics known as the law of diminishing marginal utility. As a person consumes more of a good, each additional unit of the good provides less and less additional satisfaction or utility. Eventually, the marginal utility may become negative, meaning that the person would actually prefer to consume less of the good.

The Marginal Utility of a Good Will Eventually Fall as More