The marginal utility with consumption of each successive unit of a good.

Expert Solution & Answer

Explanation of Solution

Every successive unit of a good consumed will cause marginal utility to decrease because the total satisfaction or enjoyment of the consumption is start to declining when we consume more and more of a good.

Therefore, the correct option is d.

Economics Concept Introduction

Introduction:

Marginal utility refers to the benefit or satisfaction of person by consuming one additional unit of the good.

Chapter 51, Problem 3CYU

Chapter 51, Problem 2MCQ

Chapter 51 Solutions

Krugman's Economics For The Ap® Course

Ch. 51 - Prob. 1CYU Ch. 51 - Prob. 2CYU Ch. 51 - Prob. 3CYU Ch. 51 - Prob. 1MCQ Ch. 51 - Prob. 2MCQ Ch. 51 - Prob. 3MCQ Ch. 51 - Prob. 4MCQ Ch. 51 - Prob. 5MCQ Ch. 51 - Prob. 6MCQ Ch. 51 - Prob. 7MCQ

Ch. 51 - Prob. 1FRQ Ch. 51 - Prob. 2FRQ

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