Multiple Choice
Kevin likes beef stew. But every bite of the stew that he eats provides him with less and less total utility. This fact means that Kevin's marginal utility is
A) increasing at an increasing rate.
B) increasing, but at a decreasing rate.
C) decreasing.
D) not changing.
E) changing, but the rate of change is not certain without more information.
Correct Answer:
Verified
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