Her marginal utility of her fifth pack of trading cards would be

A) $40.
B) $34.
C) $30.
D) $6.
E) None of the choices are true.

Question

Her marginal utility of her fifth pack of trading cards would beA) $40.B) $34.C) $30.D) $6.E) None of the choices are true.

Arely Salas · Accepted Answer

Final Answer : D, Explanation :  The principle of diminishing marginal utility states that as a consumer consumes more and more units of a good, the additional utility or satisfaction from each additional unit will eventually decrease. Therefore, the marginal utility of the fifth pack of trading cards would be lower compared to the first few packs. Option D is the lowest value and is therefore the best choice as the marginal utility of the fifth pack of trading cards.

Her marginal utility of her fifth pack of trading cards would be

A) $40.
B) $34.
C) $30.
D) $6.
E) None of the choices are true.

Definitions

Learning Objectives

Learning Objectives

Related questions