Ask Question
4 December, 03:16

Tom enjoys drinking Diet Coke with his lunch, but his enjoyment decreases after each glass he consumes. This is an illustration of

+5
Answers (1)
  1. 4 December, 05:20
    0
    Answer: diminishing marginal utility

    Explanation:

    Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines. In another word the satisfaction or utility that they derive from the product wanes as they consume more and more of that product. The law of diminishing marginal utility is one of the vital laws of economics
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Tom enjoys drinking Diet Coke with his lunch, but his enjoyment decreases after each glass he consumes. This is an illustration of ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers