For most goods and most people,marginal utility probably:
A) continues to increase as larger quantities are purchased.
B) declines as consumption increases.
C) plummets after the first few units but soon begins to rise.
D) is negative after the first unit of a good is purchased.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as one consumes more of a good, the additional satisfaction or utility gained from each additional unit consumed decreases. Therefore, for most goods and people, marginal utility would decline as consumption increases, making choice B the best option.

For Most Goods and Most People,marginal Utility Probably