How does this theory help us understand demand for things

Reference no: EM133396054

Question: As you note, marginal utility tells us that as more of the good is consumed, the additional satisfaction from another bite will eventually decline.Thus even if a good were free and you could consume as much as you wanted, there would be a limit to the amount you would consume. Consider addictive behaviors in terms of marginal utility - how does this theory help us understand demand for things like gambling or alcohol consumption?

Reference no: EM133396054

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