Brad ate four bags of chips at the baseball game. The first bag tasted best, but he found that as he ate more chips the amount of extra satisfaction he was receiving was beginning to fall. This would demonstrate

Question

Quizplus · Accepted Answer

The scenario describes the law of diminishing marginal utility, which states that as a person consumes more units of a good, the additional utility (satisfaction) received from each additional unit decreases. This is evidenced by the fact that Brad found the first bag to be the most satisfying, but as he ate more bags, his satisfaction began to decline. The other options are not applicable to this scenario.

Brad Ate Four Bags of Chips at the Baseball Game