As more of a good is consumed,its
A)marginal utility increases.
B)marginal utility decreases.
C)marginal utility remains unchanged.
D)total utility decreases.
E)total utility increases at an increasing rate.

Question

Quizplus · Accepted Answer

This is the law of diminishing marginal utility, which states that as more of a good is consumed, the additional satisfaction or utility received from each additional unit of the good decreases. Therefore, the marginal utility of the good decreases as more is consumed.

As More of a Good Is Consumed,its