how-does-diminishing-marginal-utility-affect-consumer-choices

Question

How does diminishing marginal utility affect consumer choices?

Accepted Answer

Consumers will purchase less of a good as its marginal utility decreases.

Answer

Consumers will purchase the same amount regardless of marginal utility.

Answer

Consumers will purchase more of a good as its marginal utility decreases.

Answer

Consumers will stop purchasing the good entirely.