Total utilityO diminished as the quantity of a good increasesincreases as long as more goods are acquiredincreases as long as marginal utility increasesO increases as long as marginal utility is positivediminishes as consumption of some good rises

Total utility refers to the overall satisfaction obtained by an individual from the consumption of a…

Total utility diminished as the quantity of a good increases increases as long as more goods are acquired O increases as long as marginal utility increases O increases as long as marginal utility is positive diminishes as consumption of some good rises

Total utility diminished as the quantity of a good increases increases as long as more goods are acquired O increases as long as marginal utility increases O increases as long as marginal utility is positive diminishes as consumption of some good rises

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 3SQP

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Question

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Total utility
O diminished as the quantity of a good increases
increases as long as more goods are acquired
increases as long as marginal utility increases
O increases as long as marginal utility is positive
diminishes as consumption of some good rises

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As more of a good is consumed in a given period, its... total utility remains constant total utility decreases then increases O marginal utility decreases O marginal utility increases