Katie just finished a bottle of Coke.Using the concept of marginal utility,we can say:
A)the utility she will gain if she drinks another will reduce her total utility.
B)the utility she will gain if she drinks another might reduce her total utility.
C)the utility she will gain if she drinks another will be the same as that of her first.
D)None of these is necessarily true.

Question

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction gained from consuming an additional unit of a good. It doesn't necessarily mean that the total utility will decrease or remain the same; it could increase at a decreasing rate.

Katie Just Finished a Bottle of Coke