Katya just finished drinking a bottle of Coke. Using the concept of marginal utility, we can say that the utility Katya will receive if she drinks another bottle of Coke:
A)will reduce her total utility.
B)will increase her total utility.
C)will be the same as that of her first.
D)may reduce or increase her total utility.

Question

Quizplus · Accepted Answer

The concept of marginal utility suggests that the additional satisfaction (utility) a consumer gets from consuming one more unit of a good or service can either increase, decrease, or stay the same, depending on the individual's preferences and the point they are at in their consumption. Therefore, if Katya drinks another bottle of Coke, her marginal utility may reduce (due to the law of diminishing marginal utility) or increase, depending on various factors such as her level of thirst, preference for Coke, or the situation.

Katya Just Finished Drinking a Bottle of Coke