Business
Business, 05.08.2019 16:20, justhereforanswers13

The principle of diminishing marginal utility states that the additional utility a consumer receives from an additional unit of a good or service decreases as consumption of it increases. which scenario demonstrates decreasing marginal utility? a. it is 120 degrees outside and you just walk into your air conditioned apartment after getting groceries. you are for the air conditioning and wonder how you could live without it, but after cooling down, you do not notice the air conditioner anymore. b. beth likes pillows since they are really comfortable to sleep on. however, she finds that if there are more than three pillows on her bed, they become too tall to sleep on. c. james is at buffet palace and is notoriously known to be able to eat a lot. however, he puts less and less food on his plates after round one until he can no longer eat any more. d. all of these scenarios demonstrate decreasing marginal utility.

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The principle of diminishing marginal utility states that the additional utility a consumer receives...

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