Answer:
decline and diminishing marginal utility
Explanation:
According to the law of diminishing marginal utility, when a person consumes more and more units, the marginal utility arises from each additional unit goes reduced as marginal utility is an additional unit derived.
According to the given situation, grey eats pizza every day so the marginal utility goes decline that indicates the law of diminishing marginal utility
decline and diminishing marginal utility
Marginal utility refers to the change in total utility as a result of the consumption of one more or one less of a product or an item.
For example, the marginal utility of the second slice of pizza is the change in satisfaction one gets when eating the second slice instead of stopping with one.
Greg eats pizza every day of the week. The marginal utility of pizza will most likely decline by the end of the week, and all else being equal, this demonstrates the law of diminishing marginal utility as the marginal utility from each additional unit declines as consumption increases.
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