Diminishing marginal utility is a decline in ________ with each additional ________.
A) units consumed; utility
B) utility; util
C) unit; satisfaction
D) satisfaction; unit
E) utils; increase

Question

Quizplus · Accepted Answer

Diminishing marginal utility is a phenomenon where the satisfaction or utility derived from consuming additional units of a good or service declines with each additional unit consumed. So, option D is the best answer. The other options are either incorrect or incomplete.

Diminishing Marginal Utility Is a Decline in ________ with Each