Respuesta :
The total utility is the total satisfaction that an individual will receive in a given time period. The marginal utility is the additional satisfaction that an individual will receive from consuming one more unit of a good or service.
In this scenario, when Jack goes from consuming three pop tarts to four pop tarts, his marginal utility will be 3 because he received 3 units of marginal utility from the three pop tarts he consumed.
What is the law of diminishing marginal utility?
The law of diminishing marginal utility is a principle in economics that states that the additional satisfaction from an increase in consumption decreases as consumption increases.
The law of diminishing marginal utility is one of the most important principles in economics. It states that the first unit of a good or service consumed will provide greater satisfaction than the second, third, and so on.
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