As more satisfaction is achieved from consuming a good with diminishing marginal utility,then total utility
A)Increases at a decreasing rate.
B)Decreases as long as marginal utility is negative.
C)Decreases as long as marginal utility is positive.

Question

Quizplus · Accepted Answer

Diminishing marginal utility means that each additional unit consumed provides less and less satisfaction. As a result, the increase in total utility from consuming each additional unit of the good will be smaller and smaller, and total utility will increase at a decreasing rate.

As More Satisfaction Is Achieved from Consuming a Good with Diminishing