Asked by Corien Frazier on Apr 25, 2024
As a young man,my great-uncle ate 13 banana splits on a Saturday afternoon and never ate another one for the rest of his life.Most likely the utility of his last banana split was
A) positive.
B) zero.
C) negative.
D) greater than the utility of his 12th banana split.
Marginal Utility
The additional satisfaction or benefit received by a consumer from consuming one more unit of a good or service.
- Gain insight into the idea of marginal utility and how it affects total benefit.
Learning Objectives
- Gain insight into the idea of marginal utility and how it affects total benefit.
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