Asked by Sulema Benavides on May 09, 2024
Verified
The principle of diminishing marginal utility means that,when Sarah eats pizza,her satisfaction from the second slice of pizza is probably _____ that from the first.
A) greater than
B) equal to
C) less than
D) not comparable to
Diminishing Marginal Utility
A principle stating that as a person consumes more of a good, the additional satisfaction gained from consuming an additional unit decreases.
Satisfaction
The satisfaction or quenching of a want, necessity, or craving.
Pizza
A popular dish of Italian origin consisting of a round, flattened base of leavened wheat-based dough topped with tomatoes, cheese, and often various other ingredients, baked at a high temperature.
- Delve into the doctrine of diminishing marginal utility and how it affects consumer consumption patterns.
Verified Answer
Learning Objectives
- Delve into the doctrine of diminishing marginal utility and how it affects consumer consumption patterns.
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