Which of the Following Most Directly Reflects the Law of Diminishing

question 121

Multiple Choice

Which of the following most directly reflects the law of diminishing marginal utility?

• A) After watching two football games, Terry decides to watch a third game.
• B) A sports fan enjoys watching Monday night football rather than going to the theater.
• C) After listening to three compact discs, Kim decides to go bowling rather than listen to a fourth disc.
• D) A musician receives the biggest ovation of the evening after playing the final number of a recital.

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Definitions:

Differences

Distinctive characteristics or features that set one person, thing, or situation apart from another.

Buyers

Individuals or entities that purchase goods or services for personal use, for use in the production of other goods and services, or for resale.

Market Share

The percentage of an industry or market's total sales that is earned by a particular company over a specified time period.

Cost-effective

Being economical in terms of the results achieved for the amount of money spent.