Solved

If Utility Is the Measure of Satisfaction Gained by Consuming

Question 59

Multiple Choice

If utility is the measure of satisfaction gained by consuming a good or service,then according to the principle of diminishing marginal utility:


A) Five doughnuts makes you happier than four, but the fifth doughnut does not make you as happy as the first
B) Five doughnuts makes you happier than four and the third doughnut makes you happier than the first
C) Five doughnuts does not make you as happy as four because utility has been maximized
D) Five doughnuts make you happier than one and each additional doughnut makes you happier than the last

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents