Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Diminishing Marginal Utility
B
Increasing Opportunity Cost
C
Consumer Sovereignty
D
Absolute Advantage
Understanding the Answer
Let's break down why this is correct
Answer
When you eat a slice of pizza, the first slice gives you a lot of enjoyment, but each extra slice gives you a little less extra pleasure. This idea is called diminishing marginal utility, meaning the benefit you get from each additional slice gets smaller. So after the first two slices, the third slice will feel less satisfying because the extra pleasure is lower. For example, if the first slice makes you feel very full and happy, the third slice might only add a little more satisfaction, not as much as the first. This principle helps explain why people often stop buying more when the extra benefit drops.
Detailed Explanation
When you eat more of the same food, each new slice gives you a little less happiness. Other options are incorrect because People sometimes think buying more slices makes the next best choice cost more, but that idea is about opportunity cost, not how happy you feel; Consumer sovereignty means buyers decide what to buy, but it doesn’t explain why a slice is less satisfying.
Key Concepts
Diminishing Marginal Utility
Marginal Utility
Topic
Marginal Utility Per Dollar
Difficulty
medium level question
Cognitive Level
understand
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