Multiple Choice
Which of the following illustrates the law of diminishing marginal utility?
A) The marginal utility of Diane's second Coke is greater than the marginal utility of her third pretzel, other things constant.
B) The marginal utility of Diane's second Coke is greater than the marginal utility of Ken's third pretzel, other things constant.
C) The marginal utility of Diane's second Coke is greater than the marginal utility of her third Coke, other things constant.
D) The total utility of one Coke is greater than the total utility of two Cokes, other things constant.
E) The marginal utility of Diane's second Coke is greater than the marginal utility of Ken's third Coke, other things constant.
Correct Answer:
Verified
Correct Answer:
Verified
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