If Joey Kobayashi experiences diminishing marginal utility from eating hot dogs, then

Question

Quizplus · Accepted Answer

Diminishing marginal utility means that each additional unit consumed provides less additional satisfaction than the one before it. Therefore, option C is correct as the additional satisfaction Joey receives from eating another hot dog will be less than the satisfaction he received from his last hot dog. Option A is incorrect because total utility cannot be negative. Option B is incorrect because marginal utility can be positive, but decreasing. Option D is irrelevant as it is not related to the concept of diminishing marginal utility.

If Joey Kobayashi Experiences Diminishing Marginal Utility from Eating Hot