Which of the following scenarios could be an example of increasing marginal utility?

Question

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service. In the case of a stamp collector purchasing an additional stamp for their collection, the utility or satisfaction gained from each new stamp is likely to increase because each stamp is unique and adds value to the collection. This contrasts with the other options where the utility from additional units may decrease due to the law of diminishing marginal utility.

Which of the Following Scenarios Could Be an Example of Increasing