John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of 25

Question

John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of 25 utils. After three Cokes, he has a total utility of 50 utils. Does John show diminishing marginal utility for Coke, or does he show increasing marginal utility for Coke?

Dr. Summer Schneider PhD · Accepted Answer

No, he doesn't show diminishing marginal utility. Yes, he shows increasing marginal utility for Coke.Explanation:The law of diminishing returns states that the marginal or addition satisfaction or utility derived from the consumption of a product increase until a pint and then starts to  decrease.Units         Total utility       Marginal utility 1                    10                          10        2                   25                         15                     3                   50                         25After 3 bottles, John does not show diminishing marginal utility as the marginal utility (as shown above) continues to increase with each additional bottle of coke consumed.

Dr. Summer Schneider PhD · Answer

What are the given options so i may

Dr. Summer Schneider PhD · Answer

Alot of credit card rewards

Dillan Pacocha

John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of 25

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