The law of diminishing marginal utility state that, the more a commodity is consumed the

The law of diminishing marginal utility states that the more a commodity is consumed, the lower the rate of increase in the total utility derived from it. In simpler terms, it means that as you consume more of a good, the additional satisfaction or utility you get from consuming each additional unit will decrease. For example, if you eat one slice of pizza, you may really enjoy it and get a lot of satisfaction. But if you eat five slices, you may not enjoy the last slice as much as the first slice, and may even start feeling sick. This is because the marginal utility of each additional slice of pizza decreases as you consume more of them.