-Refer to the above table. At what quantity does diminishing marginal utility set in?
A) after 0
B) after 1
C) after 2
D) after 10

Name: -Refer to the above table. At what quantity does diminishing marginal utility set in? A) after 0 B) after 1 C) after 2 D) after 10
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

-Refer to the above table. At what quantity does diminishing marginal utility set in?
A) after 0 
B) after 1 
C) after 2 
D) after 10

Quizplus · Accepted Answer

Diminishing marginal utility sets in after the second unit, as the marginal utility starts to decrease after the second quantity.

-Refer to the Above Table