The table given below records the total utility derived from the consumption of avocados. Table 6.2

-Refer to Table 6.2.The law of diminishing marginal utility holds _____.
A)for any number of avocados
B)up to five avocados
C)only for one or two avocados
D)only after five avocados are consumed
E)for the first three avocados

Question

The table given below records the total utility derived from the consumption of avocados. Table 6.2

-Refer to Table 6.2.The law of diminishing marginal utility holds _____.
A)for any number of avocados 
B)up to five avocados 
C)only for one or two avocados 
D)only after five avocados are consumed 
E)for the first three avocados

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as a person consumes more units of a good, the additional satisfaction from each additional unit decreases. This principle generally applies to any number of units consumed, not just a specific range.

The Table Given Below Records the Total Utility Derived from the Consumption