As more units of an item are purchased, everything else equal, marginal satisfaction from consuming additional units will tend to
A)decrease at the same rate for all consumers.
B)decrease but at different rates for different people.
C)increase at the same rate for all consumers.
D)increase but at a decreasing rate for all consumers.

Question

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 tends to decrease, but the rate of decrease can vary among individuals due to differences in preferences and consumption experiences.

As More Units of an Item Are Purchased, Everything Else