Question

Suppose you go to a wedding reception that has free drinks. According to the theory of consumer behavior/choice, what is the MU of the last drink you had

Answer 1

0

Step-by-step explanation:

Marginal utility is the additional satisfaction that is derived from consuming an extra unit of a good or service.

At the point where marginal utility is zero, a person should stop consuming a product. If consumption continues after marginal utility is zero, marginal utility would turn negative.