Asked by Sulema Benavides on May 09, 2024

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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.
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Verified Answer

BH
Brooke HutchinsMay 12, 2024
Final Answer :
C
Explanation :
The principle of diminishing marginal utility states that as a person consumes more and more of a good, the satisfaction or utility derived from each additional unit of the good decreases. Therefore, Sarah's satisfaction from the second slice of pizza is likely to be less than that from the first.