Tina's marginal utility of her first piece of cake is 15, while Jerry's marginal utility of his first piece of cake is 24. An economist would conclude that:
A) Tina likes cake more than Jerry likes cake.
B) Jerry likes cake more than Tina likes cake.
C) Tina likes cake less than Jerry likes cake.
D) Jerry likes cake less than Tina likes cake.
E) we can't make a comparison to see who values cake more.

Question

Quizplus · Accepted Answer

Marginal utility is subjective and cannot be directly compared between individuals. It only indicates the additional satisfaction each person gets from consuming one more unit of a good.

Tina's Marginal Utility of Her First Piece of Cake Is