Which of the following best illustrates the law of diminishing marginal utility?

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as more units of a good are consumed, the additional satisfaction, or utility, gained from each additional unit will eventually decrease. In this case, the person chooses to visit the dentist twice a year for checkups rather than once a month, which suggests that the additional utility gained from more frequent visits is not worth the additional cost and effort. Thus, this choice illustrates the law of diminishing marginal utility. The other choices do not directly relate to the concept of diminishing marginal utility.

Which of the Following Best Illustrates the Law of Diminishing