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The 100th game of chess gives Jones more utility than the 32nd game of chess. It follows that

jccruz

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6 months ago

The 100th game of chess gives Jones more utility than the 32nd game of chess. It follows that

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neither the law or principle of diminishing marginal utility holds.

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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).

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there must be a law of increasing marginal utility.

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total utility after the 32nd game had to be higher than total utility after the 100th game.

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none of the above

Textbook

Economics

Edition: 12^th

Author: Arnold

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bodie1980

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6 months ago

More solutions for this book are available here

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jccruz Author

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6 months ago

this is exactly what I needed

lubennick

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Yesterday

Thanks for your help!!

Danivalda

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2 hours ago

Correct

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