For most families, total utility does not:
A)rise as income rises.
B)rise less quickly as income increases.
C)show increasing marginal utility.
D)show diminishing marginal utility.

Question

Quizplus · Accepted Answer

Total utility does not show increasing marginal utility; instead, it typically shows diminishing marginal utility, meaning that as more of a good or service is consumed, the additional satisfaction gained from consuming an additional unit decreases.

For Most Families, Total Utility Does Not