The general pattern that consumption of the first few units of any good tends to bring a higher level of _______ to a person than consumption of later units is a common pattern.
A) utility
B) marginal benefit
C) opportunity cost
D) sunk costs

Question

Quizplus · Accepted Answer

The general pattern described is related to the concept of diminishing marginal utility, where the first few units of a good provide higher utility or satisfaction compared to later units.

The General Pattern That Consumption of the First Few Units