Suppose John goes to a wedding reception where free drinks are served.He will drink until the marginal utility of an additional drink is _____
A)infinite.
B)zero.
C)one.
D)less than zero.
E)greater than one.

Question

Quizplus · Accepted Answer

In economic terms, the marginal utility of a good or service represents the change in utility from consuming an additional unit. John will continue to consume drinks until the marginal utility of consuming an additional drink is zero, meaning that consuming one more drink provides him no additional satisfaction, aligning with the principle of diminishing marginal utility.

Suppose John Goes to a Wedding Reception Where Free Drinks