As more Big Macs are consumed each day, the marginal utility that a person gets from each additional Big Mac:
A) rises at a steady rate.
B) decreases.
C) remains constant.
D) accelerates.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as a person consumes more units of a good, the additional utility (satisfaction) that person derives from consuming each additional unit decreases. This means that the marginal utility a person gets from each additional Big Mac will decrease as they consume more of them.

As More Big Macs Are Consumed Each Day, the Marginal