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, let's test your understanding of diminishing marginal utility!
What does '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 as more units of a good are consumed, the {{blank0}} from each additional unit decreases.
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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 occur?
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If a consumer finds the first cup of coffee very satisfying but the second less so, this is an example of {{blank0}} marginal utility.
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Which factors can influence marginal utility? (Select all that apply)
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