Use the following to answer question(s):
-(Exhibit: Utility) Marginal utility is zero for the _______ unit.
A) first
B) second
C) third
D) fifth

Question

Use the following to answer question(s): 
-(Exhibit: Utility) Marginal utility is zero for the _______ unit.
A) first 
B) second 
C) third 
D) fifth

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction or utility that a consumer receives from consuming an additional unit of a good or service. It typically decreases as more units are consumed, eventually reaching zero when no additional satisfaction is gained from consuming more. The exhibit or context provided in the question suggests that this point is reached at the fifth unit, making D the correct answer.

Use the Following to Answer Question(s)