In most places of the world, the marginal utility of water is low because
A) its supply is so abundant
B) it is so essential
C) it has so many uses
D) total utility is so high
E) it is very scarce

Question

Quizplus · Accepted Answer

The marginal utility of water is low in most places because its supply is abundant, meaning that the additional satisfaction gained from consuming one more unit of water is relatively small due to its plentiful availability.

In Most Places of the World, the Marginal Utility of Water