The marginal utility gained from the consumption of successive units of a typical good:
A) tends to decrease.
B) tends to increase.
C) may increase or decrease depending on the cost of the good.
D) tends to stay the same.

Question

Quizplus · Accepted Answer

This is the law of diminishing marginal utility. As you consume more of a good, the additional satisfaction or utility you get from each additional unit consumed will eventually decline.

The Marginal Utility Gained from the Consumption of Successive Units