Asked by Cheng Tso Hsieh on Jul 18, 2024

verifed

Verified

Marginal utility can be:

A) positive,but not negative.
B) positive or negative,but not zero.
C) positive,negative,or zero.
D) decreasing,but not negative.

Marginal Utility

The additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.

  • Describe the fundamental notion of diminishing marginal utility.
verifed

Verified Answer

CB
Carmela BucciJul 22, 2024
Final Answer :
C
Explanation :
Marginal utility can be positive, negative or zero, depending on whether an additional unit of a good increases, decreases or leaves unchanged the total utility gained from consuming that good. Therefore, option C is the best fit.