Economists consider instances of increasing marginal utility to be
A)normal.
B)impossible.
C)unusual, as in the case of addictions.
D)irrational.

Question

Quizplus · Accepted Answer

Increasing marginal utility is considered unusual in standard economic theory, which typically assumes diminishing marginal utility. However, it can occur in cases of addiction or certain preferences, where each additional unit of consumption provides more utility than the previous one.

Economists Consider Instances of Increasing Marginal Utility to Be