Jackson says that his fifth game of chess gave him greater utility than his first, and therefore the law of diminishing marginal utility does not hold. An economist who believes that marginal utility definitely and always declines with the consumption of equal successive units of a good will likely say
A)the fifth game of chess is a different good than the first game of chess.
B)there are exceptions to the law of diminishing marginal utility.
C)the law of diminishing marginal utility does not apply to board games.
D)each and every game of chess is identical to one another.

Question

Quizplus · Accepted Answer

The economist would likely argue that the fifth game of chess is a different good than the first game of chess, meaning that they are not equal successive units. Therefore, the law of diminishing marginal utility still holds true.

Jackson Says That His Fifth Game of Chess Gave Him