If Joe drinks iced tea while he is mowing his yard,he will probably derive a lower marginal utility from his sixth glass of iced tea than from his first glass.

Question

Quizplus · Accepted Answer

This statement is true because marginal utility tends to decrease as consumption increases. As Joe drinks more glasses of iced tea, the additional satisfaction he derives from each glass will likely decrease.

If Joe Drinks Iced Tea While He Is Mowing His