As an individual's consumption of a good increases
A) his or her total utility increases.
B) his or her marginal utility increases.
C) the price of the good increases.
D) All of the above answers are correct.

Question

Quizplus · Accepted Answer

As an individual's consumption of a good increases, their total utility typically increases, but marginal utility usually decreases due to the law of diminishing marginal utility. The price of the good is not directly affected by an individual's consumption.

As an Individual's Consumption of a Good Increases