ECN 340 Chapter Notes - Chapter 7: Diminishing Returns, Marginal Utility

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The utility received from sex can be similar to the utility derived from other goods or services. For most people they received more utility from sex then confsuming goods thus they pay more compared to that. The law of demand is applicable to sex as a service. If demand does not change as a result of price increasing, than revenues will rise. Law of demand can be applied to the sex that may occur in relationships and dating. The participants of sex incur opportunity costs which are the costs associated with the time that was spent having sex when they could ve been doing something else.

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