The principle of diminishing marginal utility means that as you eat fewer slices of pizza, your total utility from pizza will ________ and your marginal utility from each additional slice of pizza will ________.
A) increase; decrease
B) decrease; increase
C) increase; increase
D) decrease; decrease

Question

Quizplus · Accepted Answer

The principle of diminishing marginal utility states that as a person consumes more of a good, the additional satisfaction (marginal utility) from each additional unit decreases. Therefore, if you eat fewer slices, your total utility decreases, but the marginal utility of each additional slice increases because you have consumed less.

The Principle of Diminishing Marginal Utility Means That as You