Answered: When marginal utility is decreasing but…

When marginal utility is decreasing but positive, total utility is a increasing at a decreasing rate b increasing at an increasing rate c decreasing at a decreasing rate

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

When marginal utility is decreasing but positive, total utility is

a increasing at a decreasing rate

b increasing at an increasing rate

c decreasing at a decreasing rate

d decreasing at an increasing rate

Definition Definition Satisfaction derived from the consumption of an additional unit of any commodity.

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