Of the following goods, the one where the law of diminishing marginal utility is least likely to apply is

water
cigarettes
toothpaste
rap music

The correct answer is D. rap music.

The law of diminishing marginal utility states that as a person consumes more of a good, the additional satisfaction or utility that they receive from each additional unit of the good decreases. This is because as a person consumes more of a good, they become more and more saturated with it, and each additional unit provides less and less satisfaction.

Water is a good that is essential for human survival. Without water, humans would die within a few days. Therefore, the marginal utility of water is very high, even for the first few units that a person consumes. As a person consumes more water, the marginal utility of water decreases, but it remains high for a long time. This is because water is a necessary good, and people will always want to consume more of it to stay alive and healthy.

Cigarettes are a good that is addictive. When a person first starts smoking, they experience a high level of satisfaction from the nicotine in the cigarettes. However, as the person continues to smoke, the nicotine becomes less and less effective, and the person needs to smoke more and more cigarettes to get the same level of satisfaction. This is known as tolerance. As a person’s tolerance for nicotine increases, the marginal utility of cigarettes decreases.

Toothpaste is a good that is necessary for good oral hygiene. However, toothpaste is not a very enjoyable good to consume. Most people do not like the taste of toothpaste, and they only brush their teeth because they know it is necessary to keep their teeth healthy. Therefore, the marginal utility of toothpaste is relatively low.

Rap music is a good that is enjoyed by some people, but not by everyone. The marginal utility of rap music will vary from person to person. For people who enjoy rap music, the marginal utility of rap music may be high. However, for people who do not enjoy rap music, the marginal utility of rap music will be very low.

In conclusion, the law of diminishing marginal utility is least likely to apply to rap music. This is because rap music is not a necessary good, and it is not enjoyed by everyone.