Table 7.1
-Refer to Table 7.1.Diminishing marginal utility sets in after the ________ cup of coffee per day.
A) first
B) second
C) third
D) fourth

Question

Table 7.1
-Refer to Table 7.1.Diminishing marginal utility sets in after the ________ cup of coffee per day.
A) first 
B) second 
C) third 
D) fourth

Quizplus · Accepted Answer

According to Table 7.1, diminishing marginal utility sets in after the third cup of coffee per day. This means that the marginal utility of each additional cup of coffee decreases after the third cup, indicating that the consumer is becoming less satisfied with each additional cup. Therefore, it would be optimal for the consumer to only consume up to three cups of coffee per day in order to maximize their overall satisfaction.

Table 7.1 -Refer to Table 7.1.Diminishing Marginal Utility Sets in After the After