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Quiz: Diminishing Marginal Utility
AQA A level economics 7136 specification
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Building on what you've learned about rational decision-making and marginal utility, this quiz will test your understanding of diminishing marginal utility. Let's get started!
What does the term 'diminishing marginal utility' mean?
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Which of the following are examples of diminishing marginal utility? (Select all that apply)
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Diminishing marginal utility is the principle that the {{blank0}} satisfaction gained from consuming each {{blank1}} unit of a good decreases as consumption increases.
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Match the items on the left with their correct pairs on the right
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Why does diminishing marginal utility matter in economics?
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Which factors can affect marginal utility? (Select all that apply)
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Which is an example of a good where diminishing marginal utility might not apply as strongly?
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