you go to an all-you-can-eat buffet. once you pay the price to enter the buffet, you can fill your plate as much as you want at no additional cost. if you maximize utility, the marginal utility of the last bite that you eat will be: a less than zero. b equal to zero. c equal to the price of the buffet. d as high as possible. e dependent on how much you like the buffet.

Respuesta :

The final mouthful you consume will have a marginal utility of ZERO. Marginal utility, which is measured in utils, is the additional pleasure obtained after consuming one additional unit of an item or service.

  • The Right Response is Option b

Alfred Marshall's law

  • Total utility is maximised when marginal utility is zero. When the total utility begins to drop, the marginal utility goes negative.
  • According to Alfred Marshall's law of decreasing marginal utility, the utility obtained must decrease as more and more units of an item are used.
  • The marginal utility obtained from the most recent bite would be 0 if utility is maximised in the case.

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