Asked by Sadie Clark on May 12, 2024
Verified
To the average consumer, the marginal utility of a second copy of today's newspaper is
A) constant.
B) increasing.
C) close to zero.
D) close to one.
Marginal Utility
The additional satisfaction or benefit a consumer receives from consuming one more unit of a good or service.
Newspaper
A publication, generally made of paper and ink, that is distributed on a regular or daily basis and contains news, articles, advertisements, and other information of public interest.
- Master the concept of marginal utility and its application.
Verified Answer
TM
Tarida MargarethaMay 12, 2024
Final Answer :
C
Explanation :
The marginal utility of a second copy of today's newspaper is close to zero for the average consumer because they gain very little additional satisfaction from having another identical copy of something they already possess.
Learning Objectives
- Master the concept of marginal utility and its application.
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