Newspaper vending machines illustrate that publishers believe
A)the average utility of two identical papers is zero or less
B)the total utility from two identical newspapers is zero or less
C)the marginal utility of a second identical newspaper is zero or less
D)the marginal utility of a second identical newspaper is greater than the marginal utility of the first
Newspaper
E)the total utility from two identical newspapers is less than the total utility from the first newspaper

Question

Quizplus · Accepted Answer

Publishers believe that the marginal utility of a second identical newspaper is zero or less, otherwise people would not be willing to pay for additional copies. This is why they offer them in vending machines, making it easier for people to purchase additional copies if they desire.

Newspaper Vending Machines Illustrate That Publishers Believe