Answer to Question #98718 in Microeconomics for Martey John

Question

For each of the following situation, decide whether someone has increasing ,constant and diminishing marginal utility
1.the more economics classes someone takes, the more she enjoy the subject. And the more classes she takes, the easier each one gets, making her enjoy each additional class even more than the one before.
2. Someone likes loud music. In fact according to her " the louder, the better ".Each time she turns the volume up a notch ,she adds 5 utils to her total utility .
3. Someone enjoys watching returns of the old series Concert Party. She claims that these episode are always funny, but she does admit the more she sees an episode, the less funny she gets.

Answer 1

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