The 100th game of chess gives Jones more utility than the 32nd game of chess. It follows that
A)neither the law or principle of diminishing marginal utility holds.
B)the law of diminishing marginal utility may hold since the 32nd game of chess might have been a different "good" than the 100th game of chess (after all, it could have been played with a different person).
C)there must be a law of increasing marginal utility.
D)total utility after the 32nd game had to be higher than total utility after the 100th game.
E)none of the above

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility suggests that as a person consumes more of a good, the additional satisfaction (marginal utility) from each additional unit decreases. However, if the 100th game of chess provided more utility than the 32nd, it doesn't necessarily violate this law because each game could be considered a different "good" if, for example, it was played with a different person or under different circumstances. This means the principle can still hold under the interpretation that the games are distinct experiences.

The 100th Game of Chess Gives Jones More Utility Than