Diminishing marginal utility occurs with increasing total utility.

Name: Diminishing marginal utility occurs with increasing total utility.
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Quizplus · Accepted Answer

Diminishing marginal utility means that the additional satisfaction one gets from consuming an additional unit of a good or service decreases as the total amount consumed increases. Therefore, as total utility increases, the marginal utility will eventually decrease due to the law of diminishing marginal utility.

Diminishing Marginal Utility Occurs with Increasing Total Utility