-Refer to the above table. At what quantity does diminishing marginal utility set in?
A) After 3.
B) After 2.
C) After 10.
D) After 15.

Name: -Refer to the above table. At what quantity does diminishing marginal utility set in? A) After 3. B) After 2. C) After 10. D) After 15.
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Question

-Refer to the above table. At what quantity does diminishing marginal utility set in?
A) After 3. 
B) After 2. 
C) After 10. 
D) After 15.

Quizplus · Accepted Answer

Diminishing marginal utility sets in after 3 because the additional satisfaction (utility) gained from consuming each additional unit of the good decreases after 3 units.

-Refer to the Above Table