Which of the following goods is MOST likely to display increasing marginal utility over some range?
A) chicken during the 1920s, when it was considered a luxury good
B) paint, because you need enough to paint at least one entire room
C) lobsters, which are so expensive that you must eat two to get your money's worth
D) peanut butter and jelly sandwiches

Question

Quizplus · Accepted Answer

Paint may display increasing marginal utility because having enough to paint an entire room can provide more satisfaction than having just a small amount that is insufficient for the task.

Which of the Following Goods Is MOST Likely to Display