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When Ian experiences diminishing marginal utility when buying shirts, A----the price of each additional shirt he...

When Ian experiences diminishing marginal utility when buying shirts,

A----the price of each additional shirt he purchases falls when he gets volume discounts.

B----the value of the shirt he purchased start to fall as they wear out over time.

C----the personal value of each additional shirt he purchases starts to fall.

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Answer #1

When Mr. Ian experiences diminishing marginal utility when buying shirts, then it means by purchasing an additional unit of shirt, the marginal utility (additional satisfaction) received by the consumer decreasing. It means it canbe generalised that the personal value of each additional shirt he purchases starts to fall when Ian experiences diminishing marginal utility when buying shirts.

Hence option c is the correct answer.

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