Marginal utility theory shows us that water, which is very common, has a ________ marginal utility and a ________ total utility.
A) small; large
B) large; small
C) large; large
D) small; small

Question

Quizplus · Accepted Answer

Marginal utility theory suggests that because water is abundant, its marginal utility is small, but since it is essential and used frequently, its total utility is large.

Marginal Utility Theory Shows Us That Water, Which Is Very