Positive marginal utility implies increasing total utility.

Name: Positive marginal utility implies increasing total utility.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the marginal utility of a good or service is positive, it means that each additional unit consumed provides additional satisfaction to the consumer. This leads to an overall increase in total utility as the consumer consumes more units of the good or service. Therefore, positive marginal utility implies increasing total utility.

Positive Marginal Utility Implies Increasing Total Utility