Question

The marginal benefit you receive from eating a third slice of pizza will be __________ the marginal benefit you receive from eating the first slice of pizza.

Answer 1

Answer:

less than

Explanation:

The law of diminishing marginal utility states that utility decreases as additional units of a commodity are consumed. An example would the satisfaction you would derive from the first bottle of cola and the second and the third, the satisfaction you derive deceases after each additional consumption.