-Refer to the above figures. Which panel best represents marginal utility?
A) Panel A
B) Panel B
C) Panel C
D) Panel D

Question

-Refer to the above figures. Which panel best represents marginal utility?
A) Panel A 
B) Panel B 
C) Panel C 
D) Panel D

Quizplus · Accepted Answer

Marginal utility is the additional satisfaction or benefit derived from consuming one more unit of a good or service. In Panel C, the slope of the curve is decreasing, indicating that as more units are consumed, the additional satisfaction derived from each unit decreases. This is consistent with the concept of diminishing marginal utility.

-Refer to the Above Figures