Refer to the accompanying table. The marginal utility of consuming apples is: $$\begin{array} { | c | c | }
\hline \text { Number of Apples } & \begin{array} { c }
\text { Tatal } \
\text { Utility }
\end{array} \
\hline 1 &20 \
\hline 2 & 35 \
\hline 3 & 45 \
\hline 4 & 50 \
\hline 5 & 45 \
\hline
\end{array}$$
A)constant.
B)first increasing, but decreasing after the fourth apple.
C)decreasing after the first apple.
D)constantly increasing.

Question

Refer to the accompanying table. The marginal utility of consuming apples is: $$\begin{array} { | c | c | } 
\hline \text { Number of Apples } & \begin{array} { c } 
\text { Tatal } \
\text { Utility }
\end{array} \
\hline 1 &20 \
\hline 2 & 35 \
\hline 3 & 45 \
\hline 4 & 50 \
\hline 5 & 45 \
\hline
\end{array}$$
A)constant.
B)first increasing, but decreasing after the fourth apple.
C)decreasing after the first apple.
D)constantly increasing.

Quizplus · Accepted Answer

The marginal utility, which is the additional satisfaction or utility gained from consuming an additional unit of a good, decreases after the first apple. This is evident from the total utility increasing by smaller amounts with each additional apple consumed, indicating diminishing marginal utility.

Refer to the Accompanying Table A)constant