Respuesta :
Using the principle applications of the diminishing marginal utility, it can be stated that the marginal utility that Dave has derived from consumption of fourth slice is a lot lesser than the one derived from the consumption of the third slice of the pizza. Therefore, the option C is correct.
As per the diminishing marginal utility law, the additional utility derived by a consumer keeps on diminishing at an increasing rate due to the achievement of a point of satisfaction on the graphical representation of the same.
Learn more about diminishing marginal utility here:
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Complete question
Dave bought a pizza, which was divided into five slices. After eating the third slice, he couldn't eat the fourth slice. Applying the law of diminishing marginal utility to this scenario, which of the following statements is true?
a. The marginal utility derived from the fourth slice is more than the marginal utility derived from the third slice.
b. The marginal utility derived from the fourth slice is equal to the marginal utility derived from the third slice.
c. The marginal utility derived from the fourth slice is less than the marginal utility derived from the third slice.
d. The marginal utility derived from the third slice is more than the marginal utility derived from the second slice.
