Exhibit 21-1

-Refer to Exhibit 21-1.In this example,marginal utility
A) constantly increases.
B) constantly diminishes.
C) increases then diminishes.
D) diminishes then increases.

Name: Exhibit 21-1 -Refer to Exhibit 21-1.In this example,marginal utility A) constantly increases. B) constantly diminishes. C) increases then diminishes. D) diminishes then increases.
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Question

Exhibit 21-1
 
-Refer to Exhibit 21-1.In this example,marginal utility
A) constantly increases. 
B) constantly diminishes. 
C) increases then diminishes. 
D) diminishes then increases.

Quizplus · Accepted Answer

Marginal utility typically diminishes as more of a good is consumed, reflecting the law of diminishing marginal utility.

Exhibit 21-1 -Refer to Exhibit 21-1.In This Example,marginal Utility