A consumer gets 50, 40, 30 and 20 utils from the 1st to 4th cups of tea. If the units were consumed with a gap of a full day between them, the most likely change is that

marginal utility would fall fasterCorrect answerYour answertotal utility would become negativeCorrect answerYour answerthe price of tea would fallCorrect answerYour answermarginal utility would not fall in this way, because an assumption of the law is brokenCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

The law assumes continuous consumption. After a day, the desire for tea returns.
So each day's cup can give about as much satisfaction as the first.

Concept: When the law does not apply
Typical timeTypical: 100 s
Your timeYours: —

The rule this testsDiminishing marginal utility

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Ten questions from Utility & Consumer's Equilibrium, at your own pace.

A consumer gets 50, 40, 30 and 20 utils from the 1st to 4th cups of tea. If the units were consumed with a gap of a full day between them, the most likely change is that

Explanation