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.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility suggests that as an individual consumes more of a good, the additional satisfaction or utility they derive from each additional unit consumed will eventually diminish. However, this law applies specifically to the marginal utility of a specific good, not to utility in general. In this case, it is possible that the 32nd game of chess and the 100th game of chess were different in some significant way (such as playing with a different opponent) that resulted in the 100th game providing more utility than the 32nd game. Therefore, the law of diminishing marginal utility may still hold, and choice B is the best option.

The 100th Game of Chess Gives Jones More Utility Than