Economics · Consumer Behaviour
John orders a large pizza on a weekend. The first slice tastes amazing, giving him great satisfaction. However, as he continues to eat more slices, he begins to feel less enjoyment. By the seventh slice, he feels full and uninterested. Which of the following statements correctly defines the underlying concept of diminishing marginal utility?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The satisfaction from each additional unit consumed is completely unpredictable.
- 2The satisfaction from each additional unit consumed increases over time.
- 3The satisfaction from each additional unit consumed decreases as more units are consumed.✓
- 4The satisfaction from each additional unit consumed remains constant.
Correct answer
The satisfaction from each additional unit consumed decreases as more units are consumed.
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