-In the table above, which of the following is TRUE?
A) Jim and Sally have increasing marginal utility.
B) Jim has increasing marginal utility and Sally has diminishing marginal utility.
C) Jim has diminishing marginal utility and Sally has increasing marginal utility.
D) Jim and Sally have diminishing marginal utility.

Question

-In the table above, which of the following is TRUE?
A) Jim and Sally have increasing marginal utility. 
B) Jim has increasing marginal utility and Sally has diminishing marginal utility. 
C) Jim has diminishing marginal utility and Sally has increasing marginal utility. 
D) Jim and Sally have diminishing marginal utility.

Quizplus · Accepted Answer

Diminishing marginal utility means that as more of a good is consumed, the additional satisfaction from consuming an additional unit decreases. The table likely shows this pattern for both Jim and Sally.

-In the Table Above, Which of the Following Is TRUE