Answer: A) True
Explanation: The law of diminishing marginal utility implies it is possible that the marginal utility of my tenth pistachio nut is less than the marginal utility of my third pistachio nut, other things constant.
A) True
B) False
Marginal utility is defined as the additional satisfaction derived from consuming one more unit of good. The law of diminishing marginal utility also states that as one consumes more and more of a good, other things being equal or constant, that marginal utility (additional satisfaction from consuming one more unit of good) eventually declines. Therefore, it is possible that the marginal utility of consuming the tenth pistachio nut is less than the marginal utility of consuming the third pistachio nut.
