The concept from behavioral economics that is most closely tied to diminishing marginal utility is that consumers:
A) want fairness.
B) want some choices but not too many.
C) make inaccurate risk assessments.
D) want balance.

Question

Quizplus · Accepted Answer

Diminishing marginal utility suggests that as a person consumes more of a good, the additional satisfaction from each additional unit decreases, leading consumers to seek a balance in consumption to maximize overall satisfaction.

The Concept from Behavioral Economics That Is Most Closely Tied