When the additional satisfaction from a good declines as more of it is consumed,this illustrates the law of:
A) Diminishing marginal utility.
B) Exceptional marginal utility.
C) Declining demand.
D) Increasing opportunity costs.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as one consumes more of a good, the additional satisfaction or utility received from each additional unit will eventually decrease.

When the Additional Satisfaction from a Good Declines as More