Exhibit 6-1
-Consider Exhibit 6-1 which shows the total utility derived from various numbers of glasses of milk consumed in a day. The total utility curve does not exhibit diminishiung returns.

Question

Exhibit 6-1 
-Consider Exhibit 6-1 which shows the total utility derived from various numbers of glasses of milk consumed in a day. The total utility curve does not exhibit diminishiung returns.

Quizplus · Accepted Answer

The total utility curve appears to exhibit diminishing marginal returns, as the additional utility gained from each additional glass of milk consumed decreases as the total number of glasses increases.

Exhibit 6-1 -Consider Exhibit 6-1 Which Shows the Total Utility Derived from Utility