As a general rule, marginal utility will be less:
A) as less of the good is consumed.
B) as more of the good is consumed.
C) when average utility is at a maximum.
D) only when the good is inferior.

Question

Quizplus · Accepted Answer

Marginal utility typically decreases as more of the good is consumed, as the additional satisfaction gained from each additional unit tends to decrease. This is known as the law of diminishing marginal utility.

As a General Rule, Marginal Utility Will Be Less