Is considering marginal utility a natural process experienced by humans?
A) No.Only economists engage in this sort of "bean counting" involving utils.
B) No.Humans don't all think the same way,so it follows that decision making is also relative.
C) Maybe.Good consumers consider marginal utility,while poor consumers don't.
D) Yes.Conscious calculations involving utils are a part of every decision.
E) Yes.Humans have an instinct,as self-interested,rational beings,to seek the most satisfaction.

Question

Quizplus · Accepted Answer

Marginal utility is the additional satisfaction gained from consuming one more unit of a good or service. It is a concept derived from the observation that humans have an instinct to seek the most satisfaction they can from the resources they have available. Therefore, choice E is most appropriate as it recognizes humans' instinctual drive to maximize satisfaction.

Is Considering Marginal Utility a Natural Process Experienced by Humans