Javier goes to an all-you-can-eat buffet at a Chinese restaurant and consumes three plates of food.Which of the following explains why the third plate of food does not provide as much satisfaction as the second plate?

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that the additional satisfaction or utility gained from consuming each additional unit of a good or service will eventually decrease as more is consumed. In this scenario, Javier's third plate of food is unlikely to provide as much satisfaction or utility as the second plate due to the diminishing marginal utility of each additional plate consumed.

Javier Goes to an All-You-Can-Eat Buffet at a Chinese Restaurant