Does Mr. McConaughey's marginal utility from spending time with family and friends and from breaking a sweat obey the principle of diminishing marginal utility?
A) No, neither obeys the principle of diminishing marginal utility.
B) Only breaking a sweat obeys the principle of diminishing marginal utility.
C) Yes, they both obey the principle of diminishing marginal utility.
D) Only spending time with friends and family obeys the principle of diminishing marginal utility.

Question

Quizplus · Accepted Answer

The principle of diminishing marginal utility states that as a person consumes more of a good or service, the additional satisfaction from each additional unit decreases. This principle generally applies to all activities, including spending time with family and friends and exercising.

Does Mr McConaughey's Marginal Utility from Spending Time with Family and and Friends