Kelly eats five slices of pizza on a Friday night but admits each slice of pizza doesn't taste as good as the previous one.This suggests that for Kelly
A)the marginal utility of a slice of pizza is negative.
B)the total utility of slices of pizza is increasing by larger and larger increments.
C)the total utility of slices of pizza is declining.
D)the marginal utility of a slice of pizza is positive but decreasing.

Question

Quizplus · Accepted Answer

Marginal utility refers to the additional satisfaction or utility that a person receives from consuming an additional unit of a good or service. In Kelly's case, each additional slice of pizza still provides positive satisfaction (utility) but less than the previous slice, indicating that the marginal utility is positive but decreasing.

Kelly Eats Five Slices of Pizza on a Friday Night