Refer to the following table:

a.What is the marginal utility of the third iced tea?
b.When does this consumer experience diminishing marginal utility?
c.When does this consumer experience negative marginal utility?

Question

Refer to the following table:
  
a.What is the marginal utility of the third iced tea?
b.When does this consumer experience diminishing marginal utility?
c.When does this consumer experience negative marginal utility?

Quizplus · Accepted Answer

The Answer of Refer to the following table:
  
a.What is the marginal utility of the third iced tea?
b.When does this consumer experience diminishing marginal utility?
c.When does this consumer experience negative marginal utility?

Refer to the Following Table