Which of These Is an Example of the Law of Diminishing

question 129

Multiple Choice

Which of these is an example of the law of diminishing marginal utility?

• A) Toddler Joey wants his mother to read him the same story over and over, and he is equally thrilled every time she reads it.
• B) As the price of his favorite candy bar rises, Martin buys fewer and fewer candy bars.
• C) Marta develops an allergy to milk. She drinks less of it each month as the allergy gets worse.
• D) Julia eats three cookies. She takes 20 seconds to eat the first one, 1 minute to eat the second one, and 3 minutes to eat the third one.

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