The marginal utility of the fifth hot dog is less than the marginal utility of the second hot dog,other things constant.

Question

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This is a common application of the principle of diminishing marginal utility, which states that as a person consumes more of a product, the additional satisfaction or utility derived from each additional unit of the product decreases. Therefore, the marginal utility of the fifth hot dog would be less than that of the second hot dog, as the consumer is likely to experience diminishing satisfaction with each additional hot dog consumed.

The Marginal Utility of the Fifth Hot Dog Is Less